Sales continued to decline in December. The number of new listings and the active listings continues to contract. The average sales price is just off by 2% for the year 2008.
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 /26/2009 THROUGH 2/1/09
New Listings: 58 Avg List Price: $277,442 Solds: 17 Avg Sale Price: $222,054 Days on Market: 105
FOR THE MONTH OF DECEMBER:
New Listings: 174 a 13% decrease Active Listings: 903 a 17% decrease, Pending Sales: 98 a 32% decrease Solds: 132 an 18% decrease, Avg. Sale Price: $218,415 a 4% increase, Days on Market: 82 a 2% decrease.
There is currently a 5.5 month supply of homes for sale.
FOR THE YEAR 2008
Sales: 1,978 a 22% decrease Average Sales Price: $221,887 a 2% decrease Median Sales Price: $185,000 a 0% increase New Listings: 3,722 a 22% 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.
