McKinney Residential Property Sales For February 2016 Higher 11.3%

February 2016 Real Estate Market Summary for McKinney, TX (MLS Area 53)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 160 178 11.3 315 336 6.7
Closed Sales (Projected) 160 200 25.0 315 358 13.7
Listings Under Contract 191 216 13.1 365 396 8.5
Average Sales Price $287,172 $310,418 8.1 $287,521 $304,881 6.0
Median Sales Price $267,500 $285,000 6.5 $260,500 $283,500 8.8
Percent of Original Price Received 98.5 97.9 -0.7 98.2 97.7 -0.5
Days on Market Until Sale 41 39 -6.0 43 38 -11.3
Inventory of Homes for Sale 316 365 15.5
Months Supply of Inventory 1.3 1.5 16.0

In February 2016 there were 178 property sales recorded, which was a growth of 11.3% relative to February 2015. Year to date in McKinney the number of housing sales recorded had a climb of 6.7% from the same month last year, with 336 sold total this year. In McKinney there was a rise of 25% in projected real estate sales in February 2016. There were 200 projected real estate sales total this month. The number of projected residential properties sold in McKinney year to date saw a rise of 13.7%, with 358 projected total this year. There was a gain of 15% in new units in the market this month. There were 260 new units in the market total this month. There was an increase of 22% in the number of newly listed houses in the market year to date. There were 511 newly listed houses in the market this year. Listings under contract this month was 216, a growth of 13.1% from 2015. Year to date there were 396 contract listings in McKinney, and this was a hike of 8.5% compared to the same month last year. There were 1.5 approximate months supply of houses on the market in February 2016, which was a climb of 16%. The number of properties for sale in the market in McKinney this month reached 365, a gain of 15.5%. In McKinney this month days on market until sale experienced a down-slide of 6% in contrast to last year, with 39 days total. In February 2016 percent of original list price received had a decline of 0.7%, with 97.9 percent total. Year to date in McKinney percent of original list price received was down 0.5%, with 97.7 percent of original list price received this year.

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McKinney Texas Real Estate February 2016

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