Home > Local Real Estate Markets > McKinney TX 3rd Quarter 2009 Housing Market Report

McKinney TX sold 687 home sales in the 3rd Quarter 2009. These numbers include single-family homes, condos, duplexes and townhomes in McKinney TX (not only MLS 53 but including MLS 55 McKinney TX on the local MLS system). When the 3rd Quarter 2009 ended, McKinney TX sold 687 homes this quarter. When compared to the same time last year, McKinney TX sold 606 homes for the same period in 2008. The positive news is an astounding improvement of 11%. It is deserving of a victory when every city around it see a decline when comparing to the same time last year.

January: 100 McKinney TX homes SOLD 
February: 128 McKinney TX homes SOLD 
March: 185 McKinney TX homes SOLD 
April: 175 McKinney TX homes SOLD 
May: 191 McKinney TX homes SOLD 
June: 225 McKinney TX homes SOLD 
July: 260 McKinney TX homes SOLD 
August: 241 McKinney TX homes SOLD 
September: 186 McKinney TX homes SOLD

The average home in McKinney Texas is 4-bedroom, 3 bathrooms, approximately 2,600 square feet and sold for $215,672 in 74 days on the market.

The lowest priced home sold for $34,900 (3-bedrooms, 1-bathroom property, 952 square feet) near Downtown McKinney TX 75069. It is bank-owned property, sold in 43 days. The buyer paid cash.

The most expensive priced home sold for $971,000 (5-bedrooms, 4 1/2-bathrooms, over 6,100 square feet) in Provine Farms McKinney TX 75070. It is a custom built English Tudor,  with breathtaking views of the backyard with a swimming pool and spa on this property.
 

I think it's important to study the days on market for the homes sold. As a buyer, you will understand the "limits" of your negotiation power in general and as a seller, it is important to know the pricing correctly gives you the greatest chance to sell your home.

McKinney TX continues to be very promising in delivering positive signs of real estate market recovery in the DFW metroplex. It is one of the few cities that continue to yield improvement numbers in the past few months. To date, McKinney TX sold 1,691 homes from January 1 through September 30. When compared to the same period last year, McKinney TX sold 1,788 homes.

There are 861 homes for sale in McKinney TX. 349 homes are currently under contract. Based on its current inventory level, it would take approximately 20 weeks (5 months) to sell based on its market pace, also known as Absorption Rate.

Read how McKinney TX homes stack up to other surrounding cities for home sales in the month of August:

• Frisco TX 3rd Quarter 2009 Housing Market Report
• Plano TX 3rd Quarter 2009 Housing Market Report

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