McKinney Real Estate Market Conditions & Reports, McKinney Market Trends, Texas

Market Commentary Provided by Steve Davis
If you can qualify, now is an exceptional time to buy a home in McKinney. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 972-943-0996

Report Date

Fall 2009

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Steve Davis
RE/MAX DFW Associates
Plano, Texas
972-943-0996
Steve@TheSteveDavisHomeTeam.com
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Nearest Metro Area

Dallas

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Inventory Comments

There is a good inventory. New home builders are moving ahead with development, so there are good opportunities for inventory homes.

Average Home Price

$225,000 - View Graph Trend

Best Selling Price Range

$150,000 - $199,000

Worst Selling Price Range

$750,000 - $799,000

Compared to Last Year

No Change

Prices As % of Asking Price

95-100%

Multiple Offers?

Multiple Offers Commentary

Foreclosure properties are attracting multiple offers as bargain hunters are looking to capitalize.

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in McKinney is

Increasing

Seller Activity for the past 90 days in McKinney is

Increasing

Is Financing Available For Qualified Buyers in McKinney?

Yes

Comments on Financing For Qualified Buyers

Rates are great. Time to close is up as lenders deal with a lot of refinances.

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Stonebridge Ranch, Craig Ranch and North of US 380. Heritage Ranch for the over 55 resort lifestyle.

Reason to Buy/Sell

Population Growth

Average Sold Price

$225,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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