McKinney Residential Home Sales For November 2016 Up 6.1%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for McKinney, TX (MLS Area 53)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 179 190 6.1 2560 2666 4.1
Closed Sales (Projected) 179 213 19.3 2560 2689 5.1
Listings Under Contract 206 205 -0.5 2695 2726 1.2
Average Sales Price $296,831 $336,591 13.4 $298,395 $320,357 7.4
Median Sales Price $264,900 $307,000 15.9 $269,000 $295,000 9.7
Percent of Original Price Received 97.0 96.7 -0.3 98.9 98.2 -0.7
Days on Market Until Sale 41 53 29.2 30 35 15.7
Inventory of Homes for Sale 424 476 12.3      
Months Supply of Inventory 1.8 1.9 6.7      

This month there were 190 real estate sales in McKinney, and this was a hike of 6.1% from last year. Year to date real estate sales in McKinney was at 2666 total, a rise of 4.1% from the same month 2015. Projected homes sold in November 2016 saw an improvement of 19.3%, with 213 projected homes sold total this month. In McKinney there was a hike of 5.1% in projected homes sold year to date. There were 2689 projected homes sold this year. There were 198 newly listed homes in November 2016, and this was a down-slide of 12.8%. New housing unit listings in the market in McKinney year to date was higher 5.4%, with 3392 new housing unit listings in the market total this year. This month listings under contract saw a down-slide of 0.5% in contrast to last year, with 205 on contract total. In McKinney year to date contract listings had a growth of 1.2% from 2015, with 2726 on a contract total this year. The number of approximate months supply of housing units on the market in November 2016 was at 1.9 total, an improvement of 6.7%. In November 2016 there were 476 properties for sale, which was an uptick of 12.3%. This month days on market until sale in McKinney had a climb of 29.2% from November last year, with 53 days total. This month in McKinney percent of original list price received reached 96.7 total, a drop of 0.3%. Year to date in McKinney percent of list price received dipped 0.7%, with 98.2 percent of list price received this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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