McKinney Housing Sales For November 2016 Up 6.1%

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 homes sold in McKinney, which was an improvement of 6.1% compared to the same month 2015. In McKinney there were 2666 units sold year to date, and this was a rise of 4.1% from the same point in time 2015. There was a hike of 19.3% in projected home sales in November 2016. There were 213 projected home sales total this month. In McKinney the number of projected residential housing sales year to date was up 5.1%, with 2689 projected residential housing sales total this year. In November 2016 in McKinney the number of new homes underwent a decline of 12.8%, with 198 new on the market total. Newly listed homes year to date experienced a hike of 5.4%, with 3392 newly listed total this year. In McKinney there were 205 contract listings in November 2016, and this was a drop of 0.5% from last year. Listings under contract year to date showed an increase of 1.2% from 2015, with 2726 under contract total this year. The number of months supply of housing inventory this month reached 1.9, a hike of 6.7%. In McKinney there was a rise of 12.3% in the number of houses for sale on the market this month. There were 476 houses for sale on the market total this month. The number of days on market until sale in McKinney this month saw a gain of 29.2% in contrast to the same time of year last year, with 53 days total. The total percent of original asking price received in November 2016 was at 96.7, a slump of 0.3%. Year to date the number of percent of original list price received saw a down-slide of 0.7%, with 98.2 percent total this year.

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McKinney Texas Real Estate November 2016

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