McKinney Residential Property Sales For January 2017 Are Down 7.9%

January 2017 Real Estate Market Summary for McKinney, TX (MLS Area 53)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 251 258 2.8 251 258 2.8
Closed Sales (Reported) 165 152 -7.9 165 152 -7.9
Closed Sales (Projected) 165 171 3.5 165 171 3.5
Listings Under Contract 180 198 10.0 180 198 10.0
Average Sales Price $296,184 $334,603 13.0 $296,184 $334,603 13.0
Median Sales Price $281,990 $304,450 8.0 $281,990 $304,450 8.0
Percent of Original Price Received 97.5 98.1 0.6 97.5 98.1 0.6
Days on Market Until Sale 39 42 7.9 39 42 7.9
Inventory of Homes for Sale 372 401 7.8
Months Supply of Inventory 1.6 1.7 5.8

Recorded houses sold in January 2017 declined 7.9% in contrast to January 2016, with 152 recorded houses sold this month. Year to date there was a dip of 7.9% in real estate sales in McKinney relative to January 2016. There were 152 real estate sales total this year. The number of projected real estate sales in McKinney this month was up 3.5%, with 171 projected real estate sales total this month. There was a growth of 3.5% in the number of projected real estate sales year to date. There were 171 projected real estate sales this year. The number of new properties listed in the market this month was at 258 total, an uptick of 2.8%. Year to date there were 258 new houses, which was a growth of 2.8%. In McKinney this month listings under contract was higher 10% from the same point in time 2016, with 198 listings under contract total this month. Year to date there were 198 listings under contract in McKinney, which was a hike of 10% in contrast to 2016. There was a gain of 5.8% in approximate months supply of properties on the market in January 2017. There were 1.7 approximate months supply of properties on the market total this month. This month in McKinney the number of houses for sale on the market reached 401, a hike of 7.8%. In McKinney there was a growth of 7.9% in the number of days on market until sale this month in contrast to January 2016. There were 42 days on market until sale total this month. Percent of original asking price received this month saw a gain of 0.6%, with 98.1 percent total. In McKinney percent of list price received year to date saw a climb of 0.6%, with 98.1 percent total this year.

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McKinney Texas Real Estate January 2017

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