Sales continued to decline in August. The number of new listings and the active listings continues to contract but there are still to many homes on the market. The average sales price is just about flat for the year to date.
If you are interested in a new home in the DFW area and would like information about builders products and view streaming video of many of the new subdivisions, just click on my name or the link to my web site at the end of this article and then click on the "NEW CONSTRUCTION" button.
FOR THE WEEK OF 9/22/2008 THROUGH 9/28/08
New Listings: 50 Avg List Price: $251,384 Solds: 32 Avg Sale Price: $223,535 Days on Market: 71
FOR THE MONTH OF AUGUST:
New Listings: 296 an 18% decrease Active Listings: 1,144 an 14% decrease, Pending Sales: 142 a 39% decrease Solds: 199 a 24% decrease, Avg. Sale Price: $228,365 a 5% decrease, Days on Market: 78 a 3% increase.
There is currently a 6.5 month supply of homes for sale.
YEAR TO DATE THROUGH AUGUST:
Sales: 1,449 a 23% decrease Average Sales Price: $224,332 a 2% decrease Median Sales Price: 189,000 a 2% increase New Listings: 2,871 a 21% decrease
FOR THE YEAR 2007:
Solds: 2,497 a 17% decrease Avg Sales Price: $225,9481 a 1% increase Median Sales Price: $184,000 a 2% increase New Listings: 4,774 a 6% decrease
FOR THE YEAR 2006:
New Listings: 5,062 an 15% increase Solds: 2,960 a 7% increase Avg. Sale Price: $224,418 a 12% increase Median Sale Price: $180,530 a 8% increase
If you are thinking about buying a home now is a good time to do so. There are many homes on the market to choose from and interest rates are verry attractive
ZIP Codes: 75070, 75071 Approximate Location Boundaries: McKinney ISD
Location Characteristics: If you would like more information on McKinney just click on the "visit my web site" link and then on the "city overview" button.
About Marie Walton:
As a lifelong resident of the area, a graduate of Richardson High School and S.M.U., I bring a unique perspective to my clients. I saw many of the homes I now sell being built and the neighborhoods around them develop. My knowledge of the area combined with my many years of experience and the professional designations I hold, assure my clients of the utmost in professional services, dedication to duty, and respect for the fiduciary responcibility I have to them.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
