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Buying or Selling McKinney, TX Real Estate? The Timing Couldn't Be Bet

Dallas Relocation & Dallas Real Estate Blog

Tips by Top Dallas Real Estate Agent, Broker Associate, CRS, GRI, REALTOR

Buying or Selling McKinney, TX Real Estate? The Timing Couldn't Be Better


In spite of the doom and gloom we are hearing these days on the news every day, this could not be a better time to purchase a home in McKinney, TX. If you're an existing home owner in Flower Mound, maybe uncertain about selling, you'll find the current market is extremely active with serious buyers.

If you're looking to buy a home, there is about 3.5 months supply of new listings, a stable price market and better interest rates than we've seen in some time.

If you're currently renting and haven't yet ventured into McKinney home ownership, we've provided suggestions below that could help with your decision.

McKinney Real Estate Stats

We know this is a great time to purchase real estate in McKinney, but don't take our word for it, here are the current stats for August 2019.

Selection

There is a great selection of homes on the market, and offered by motivated sellers. Sellers are receiving an average of 95.9% of the list price for single-family homes.

Stable Market

Average prices have increase slightly: 4.7% since August 2018 for single-family homes. This is enough to demonstrate a stable buyers market without any ridiculous price spikes. McKinney homes are remaining on the market for about 59 days on average, which is great for sellers.

North Texas Overall Market

The numbers above are specific to city of McKinney. The graphic below shows the current state of residential real estate in North Texas for month of August 2019

Texas Mortgage Rate Trends

Current rates in McKinney, Texas are 3.65% for a 30 year fixed loan, 3.0% for a 15 year fixed loan and 3.0% for a 5/1 ARM.

This data was taken from Realtor.com and based on rates as of October 12, 2019. You can see that the interest rates have gone down over the past 30 days, and have currently settled in a range below 4%.

New Home Construction Options in McKinney

The new home construction industry in McKinney is booming. What many people don't realize, you can own a brand new home or townhome in McKinney for under $400,000. In fact, there is a huge range of available inventory ranging from the $350,000s into the millions - basically something for everyone.

Search new homes by builder

Tips: Looking for A Top McKinney Real Estate Agent?
When looking for a top real estate agent in McKinney, how can you look for a real estate agent who excels in their field?
You need to look for a real estate agent with designations and certifications.

About us:

If you are interested in moving to our great city of McKinney and need help finding a home, I would appreciate the opportunity to help you. I have lived in Dallas metro area for over 16 years. With nearly 40 suburbs in the Dallas area, with our help, you are sure to find a neighborhood to match your “must-haves” list and narrow down your top choices. Contact us for an in-depth analysis of your needs and recommendations along with market reports of various neighborhoods! Discover new construction homes or master planned communities in McKinney TX, Allen TX, Frisco TX, McKinney TX, Prosper TX, Coppell TX or Irving TX which offer homes to suit every lifestyle and budget.Since many of my clients are relocation buyers, I have all the tools you need to help your home search in McKinney, TX. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, I can make this process as comfortable as possible no matter where you are located.

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