McKinney, Texas Home Values report for November 2014

So far this year there have been 2,729 home sales in all, which is a 5% fall from a year ago. Homes sold this month in McKinney fell 23%, with 206 homes sold during November.

Cumulatively this year there have been 3,184 new home listings total, which is a 2% decrease from a year ago. New houses listed in McKinney grew 14% during November, with 184 homes listed in November of this year. There were 206 listings under contract during November, which is a 8% upturn from last month. Year-to-date there have been 2,720 current listings under contract in all, which is a 2% fall compared to the same period last year. Year-to-date, home sales went up 9% relative to the same period last year, with $274,139 being the average price for a house. The average price for a home in McKinney gained 17%, the average price for a house being $295,944.

The percent of original list price received by buyers in November 2014 gained 0%, with percent of original list price received at 97.0%. Cumulatively this year, the percent of original list price received went up 1% compared to the same period last year, with buyers receiving 98.1%of their original price. The number of days on market until sale in McKinney grew 5% in November 2014, at 45 days on market until sale. Cumulatively this year, properties have spent about 37 days in the market until sold, which is a 4% fall from last year. This month, the current supply of active listings on the market for properties in McKinney was 332 properties. The market supply of homes in McKinney declined 11%. The month supply of homes in McKinney decreased 8%, with a 1.4 month supply of houses on the market.

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 November 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 November 2014

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