Ken Oenbrink - NTX Property Watch Report

Mckinney, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Mckinney, TX

Thu Apr 26 2018
This week the median list price for Mckinney, TX is $399,815 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 1006. Click here to stay informed with the Mckinney market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mckinney, TX

Thu Apr 26 2018
This week the median list price for Mckinney, TX is $399,815 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 1006. Click here to stay informed with the Mckinney market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mckinney market.
Median List Price $399,815
Per Square Foot $144
Days on Market 85
Price Decreased 35%
Price Increased 8%
Relisted 7%
Inventory 1006
Median House Rent $1,850
Most Expensive $2,690,000
Least Expensive $1,850
Market Action Index
Slight Seller's Advantage
38

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$599,000 4,063 0.25 - 0.5 acre 4 4 11 25 12 112
$439,000 3,127 6,500 - 8,000 sqft 4 3 1 25 16 95
$365,000 2,662 6,500 - 8,000 sqft 4 2 5 32 27 76
$290,000 2,000 4,500 - 6,500 sqft 3 2 14 55 41 55