McKinney Home Sales For December 2016 Are Down 16.5%

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 were 223 properties sold in December 2016, which was a slump of 16.5% compared to December 2015. Year to date there were 2900 property sales, which was an increase of 2.6% relative to 2015. In McKinney the number of projected properties sold in December 2016 went down 6.2%, with 251 projected properties sold total this month. Year to date there were 2928 projected units sold in McKinney, and this was an improvement of 3.6%. The number of new properties in the market this month had a climb of 8.8%, with 149 newly for sale total. Year to date there were 3542 new property listings in the market, which was an increase of 5.6%. In December 2016 homes listed under contract in McKinney was at 157 total, a decrease of 7.6% from the same time of year last year. Properties listed under contract year to date experienced an increase of 0.8% from December 2015, with 2887 under contract total this year. In December 2016 there were 1.7 months supply of real estate inventory, and this was a hike of 16.1%. This month homes for sale increased 19.1%, with 399 homes for sale this month. In McKinney in December 2016 days on market until sale was at 50, a hike of 24.3% in contrast to 2015. In December 2016 percent of original asking price received showed a drop of 0.9%, with 96.0 percent total. In McKinney the number of percent of original asking price received year to date was down 0.7%, with 98.0 percent of original asking price received this year.

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McKinney Texas Real Estate December 2016

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