McKinney, Texas Home Values report for December 2014

McKinney houses sold were at 204 homes this December, which is a 8% rise from a month ago. During 2014, housing sales have reached 2,933 overall, which is a 3% decrease from a year ago.

Year-to-date, houses sold dropped 1% compared to the same month last year, with 2,933 houses sold. This December, the number of new housing properties listed in McKinney increased 32%, with 157 properties listed in December 2014. Listed homes under contract in McKinney went up 17% during December, with 151 properties currently listed under contract in December of this year. Listed homes under contract in total for this year dipped 2% relative to the same period last year, with 2,868 houses sold. Year-to-date, the average price for a house for houses in McKinney was approximately $275,181, which is a 9% surge from a year ago. The average sales price in McKinney grew 8% .

During December, buyers sold their houses for 98% of their asking price, a 0% increase from a month ago. Cumulatively this year, the percentage of original list prices received rose 1% relative to the same period last year, with buyers receiving 98% of their original price. Year-to-date, homes spent an average of 38 days in the market until sold, which is a 2% dip relative to the same period last year. The days on market until sale this month in McKinney increased 21%, at 50 days on market until sale. The current supply of active listings on the market was 294 homes. The current supply of active listings on the market in McKinney decreased 11% during December. There was a 1.2 month supply of homes this December, which is a 8% dip from the previous month.

McKinney real estate information, known as MLS Area 53, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of December 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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McKinney Texas Real Estate December 2014

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