Homes sold cumulatively this year dipped 3% compared to the same month last year, with 2,624 properties sold this year. McKinney homes sold reached 175 homes this month, which is a 1% decline from the previous month.
This month, the number of new listings in McKinney went up 23%, with 227 properties listed this November. In total for this year, new housing listings are at 3,216 in all. New listings year-to-date increased 1% relative to the same period last year. So far this year, current listings under contract have reached 2,681 in all, which is a 1% dip from a year ago. Listed homes under contract in McKinney dropped 2% this month, with 199 houses currently listed under contract. This November, the average price for a home was about $297,499, a 3% gain from the previous month. The average sales price was approximately $299,018 overall this year, which is a 9% rise from last year.
The percentage of original list prices received by buyers this month climbed 0%, with percentage of original list prices received at 97%. Buyers received 99% of their asking price on average so far this year, which is a 1% rise relative to the same period last year. Year-to-date, housing sales fell 12% compared to the same month last year, at 30 days on market until sale. The days on market until sale was approximately 40 days, a 10% growth from a month ago. The market inventory of available homes was 402 houses, a 8% growth from the previous month.The month supply of homes in McKinney grew 10% this month, with a 1.7 month supply of homes.
McKinney real estate information, known as MLS Area 53, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of November 2015.
The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.
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By Bob Baesmann