Dallas Area Residential Sales Report for March - McKinney TX

McKinney remains one of the hot markets. Sales were up a whopping 42% in March as compared to last March. The average sales price rose 9% while the median sales price saw a 10% gain. Pending sales were down 1%. Don't think this is anything to be concerned about. The number of new listings fell 5%. The active listings shot up 31%, but as in other areas, this number is a little deceiving as last March's active listings were very low. The months of inventory did climb to 2.5 months but with 6 months being a balanced market, buyers are not really helped much.

Sales: 304

Average Sales Price: $366,604

Median Sales Price: $338,8710

Pending Sales: 301

New Listings: 387

Active listings: 626

Months of Inventory: 2.5

Information provided by The Real Estate Center

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