McKinney Texas Home Values were DOWN 8% in October

McKinney Texas Home Values were DOWN 8% in October over the same month last year with 144 homes selling this month compared to 156 sold this month last year! For the 2011, year to date, overall home sales were Up 2% with 1,623 homes sold compared to 1,589 homes sold last year.

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New listings were UP 14% for the same period last year with 244 homes listed as compared to 214 listed this month last year. For the year 2011, overall home listings were DOWN 13% with 2,637 homes listed as compared to 3.032 homes listed last year. Listings under contract were UP 1% with 145 homes listed compared to 144 homes listed this month last year. Listings under contract for all 2011 were UP 5% with 1,726 homes listed as compared to 1,650 listed for all last year.

The average sales price of homes was UP 5% to $218,457 as compared to $209,000 for this month last year. The overall year of 2011 average sales prices were UP 1% to $223,347 as compared to $222,533 last year. Sellers received 94.3% of their asking price this month as compared to 92.7% this month last year. The average days on the market until sold in was 85 days compared to 104 days for this month last year DOWN 19%.

The current supply of homes on the market was 670 homes, DOWN 30% as compared to 953 homes from the same period last year. This is 4.2 month supply of homes on the market DOWN 28% as compared to 6.2 month supply from this month last year.

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