Home Prices in McKinney TX June 2013
Real Estate market data for McKinney TX provided by Elaine Harper of The McKinney Real Estate Team at VIP Realty
McKinney Home Prices June 2013
It’s the dog days of summer and the local housing market in McKinney and surrounding areas in Collin County are still heating up.
We’ve continued to see home values rise and and days on market for property listings drop. In case you haven’t heard, if you’d like to sell your home, now is the time. And if you’re ready to buy a new home, you must act quickly.
In 2011, McKinney seller’s averaged 94.2% of their original asking price at closing. This year seller’s are receiving 97.3%!
And to give you an idea of just how low the inventory truly is in McKinney, only 611 homes were listed for sale in June 2013, compared to 814 in 2012 and 1154 in 2011. This is where cost + demand start to drive the market.
Per NTREIS MLS, 360 homes were closed in June and that’s a 10.8% increase from last year (325) June 2012.
McKinney Real Estate Report Summary
The median LIST price in June 2013 for single family homes in McKinney was $269,756.
The median SALES price in June 2013 for single family homes in McKinney was $229,444. That’s a 19.5% increase from June 2012 when it was $192,000.
The average SALES price per square foot in McKinney for June 2013 is $96, a 11.3% increase from June 2012 ($86/sqft).
In June 2013 the Average Days on Market for McKinney Home listings was only 36!!! Last June the average was 60 Days on Market, that’s -40.1% decrease.
Want to Find Homes For Sale in McKinney?
Visit my website to search for homes in McKinney or to be notified when new McKinney home listings come on the market.
To find out what your home is worth in the current McKinney real estate market give me a call at 214.799.0774.
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Elaine Harper Real Estate 