McKinney, TX Market Update 6.2.25 | with Miguel Perez Realtor®

McKinney, TX Market Update 6.2.25 with Miguel Perez Realtor®

This week we saw a rise in inventory as it jumped to 5.9, up from last week’s 4.5 months. In addition, we saw a general rise across the board with New Listings at 131 up from 128, Accepted Offers at 96 up from 85, Closed Sales came it at 102 up from 72, the Median Days on Market lowered to 19 days from 20 and the amount of price reductions grew to 250 from 225.

Overall, the market is staying consistent with the number of homes going under contract and closing. Although, we saw the Median Sales Price for a home in McKinney lower from the mid $500’s to around $519,000.

Sellers looking to put their home on the market will need to offer a great value for the price of the home, and need to competitively price it in order to stand out for showings and offers.

Buyers continue to have even more options and now are in a good position for negotiating deals. However, we’ll see what effect Interest Rates have on buyer strength, as they continue to inch up, coming in at 6.89% this week.

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