McKinney Property Sales For December 2016 Down 16.5%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for McKinney, TX (MLS Area 53)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 137 149 8.8 3354 3542 5.6
Closed Sales (Reported) 267 223 -16.5 2827 2900 2.6
Closed Sales (Projected) 267 251 -6.2 2827 2928 3.6
Listings Under Contract 170 157 -7.6 2865 2887 0.8
Average Sales Price $297,795 $330,078 10.8 $298,339 $321,185 7.7
Median Sales Price $275,000 $308,950 12.3 $270,000 $295,000 9.3
Percent of Original Price Received 96.9 96.0 -0.9 98.7 98.0 -0.7
Days on Market Until Sale 40 50 24.3 31 36 16.2
Inventory of Homes for Sale 335 399 19.1      
Months Supply of Inventory 1.4 1.7 16.1      

In McKinney there was a fall of 16.5% in reported homes sold this month relative to last year. There were 223 reported homes sold total this month. Year to date real estate sales recorded reached 2900, a growth of 2.6% from December 2015. In McKinney there were 251 projected homes sold in December 2016, which was a decrease of 6.2%. Projected properties sold year to date saw an increase of 3.6%, with 2928 projected total this year. New listings this month was 149, a gain of 8.8%. Year to date the number of new residential properties in McKinney was higher 5.6%, with 3542 new residential properties total this year. This month there were 157 listings under contract, and this was a fall of 7.6% from December 2015. Year to date there were 2887 contract listings in McKinney, and this was a gain of 0.8% from December last year. In McKinney the number of months supply of housing units on the market this month was up 16.1%, with 1.7 months supply of housing units on the market total this month. This month there was a climb of 19.1% in units for sale. There were 399 units for sale total this month. This month days on market until sale reached 50, an increase of 24.3% from 2015. This month percent of original asking price received was at 96.0, a fall of 0.9%. Year to date in McKinney percent of original list price received reached 98.0 total, a decline of 0.7%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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