Home Prices in McKinney TX November 2013
Real Estate market data for McKinney TX provided by Elaine Harper of The McKinney Real Estate Team at VIP Realty
It’s officially Wintertime and although it’s cold as the North Pole, the McKinney real estate market is not!
McKinney Home Prices November 2013
Here’s your much anticipated, never duplicated, always right on the money McKinney Market Minute:
In November 2013, McKinney seller’s averaged 96.7% (no change from October) of their original asking price at closing. Last year seller’s received 94.9%!
Only 497 homes in McKinney were on the market for sale in November 2013 (down again from October’s 560), compared to 634 in 2012 and 845 in 2011. 224 of those this month were new listings, 106 less than what was new in October.
According to NTREIS MLS, actual closed sales for the month were only 227 homes in November and although that’s a 9.6% decrease from last year (251) its a not too off from October’s sales of 269.
McKinney Real Estate Report Summary
The average LIST price in November 2013 for single family homes in McKinney was $275,708, bit of a decrease from just last month’s $288,485. As well as a decrease from last November’s $287,044.
The median SALES price in November 2013 for single family homes in McKinney was $229,900 (up $6,000 from last month). That’s a 17.6% increase from November 2012 when it was $195,000.
The average SALES price per square foot in McKinney for November 2013 is $99, a 11.4% increase from November2012 ($89/sqft). Also up $2 from October 2013.
In November 2013 the Average Days on Market for McKinney Home listings was only 47. Which is a 10 day increase from last month last month’s 37 DOM. And a 20.6% decrease from November 2012 of 59 days.
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 972.302.8327.
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Elaine Harper Real Estate 