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How FAST Are Home Values Rising In Your McKinney Neighborhood
How FAST are Home Value Rising in Your McKinney Neighborhood?
We reviewed the latest real estate sales in the McKinney neighborhoods. I wanted to see how quickly home values rose over the least year! (July 2015 vs July 2016). Below are the hard cold facts about McKinney in the last year. There are more homes up for sale, but they are still moving quickly! It is still a seller's market. If months of supply of inventory were to go to 6 months, it would be considered an even buyer/seller's market. If you are a buyer right now, you need to contact an agent who is a buyers specialist. They will know how to negotiate in today's market. Please contact us, and we can help you!
|Closed Sales (reported)||286||264|
|Closed Sales (Projected)*||286||297|
|Listings Under Contract||284||263|
|Average Sales Price**||$295,903||$311,625|
|Median Sales Price**||$268,500||$285,288|
|Percent of original List Price Received**||99.70%||99.3%|
|Days on Market Until Sale||23||25|
|Inventory of Homes for Sale||447||582|
|Months Supply of Inventory||1.9||2.4|
TAKEN FROM CCAR PULSE: http://www.ccar.net/docs/pulse/2016/July/McKinney.pdf
Due to the typical delays in recording sales, reported unit activity will appear artificially low for the most recent month. Our projected unit activity assumes that only 89.0 percent of all sales are reported in time for thisreport. Year-to-date figures are now updated each month in the interest of accuracy. | ** Does not include prices from any previous listing contracts or seller concessions. | Activity for one month can sometimes lookextreme due to small sample size.
So are home values rising in McKinney?
YES! in 2015 the median sales price was $268,500 compared to $285,288 in 2016. There was a 6.3% increase in Median sales price of homes in McKinney. So what does this mean for you? Should you be selling your home? Well, maybe! You need to contact a realtor to find out! If you would like to schedule an appointment, please contact me!
Is this a good time to sell your home in McKinney? YES!!!
If you are curious about your homes current value, you can get an instant value of your home with your awesome new tool!
Krystal Wakefield moved to Texas from California. She studied at University of Las Vegas Nevada and earned her Business Marketing Degree. She proceeded to work in a marketing software company for cons....
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