The sales price-to-list price ratio is a critical metric in real estate, providing insight into the market’s health and competitiveness. It’s calculated by dividing the final sale price of a property by its last listed price, then multiplying by 100 to get a percentage.
We’ve seen robust real estate activity in McKinney, TX, and the broader North Texas area. According to data from Zillow and Realtor.com, as of November 2023, the sale-to-list price ratio varied, with some reports indicating ratios above 100% (Livingwell Realty) and others around 96.82% (Realtor.com). This suggests that houses often sell close to or occasionally above their listing prices, reflecting a competitive market.
These figures underscore the vibrancy and attractiveness of the McKinney, TX, real estate market. A high ratio indicates strong demand, which is good news for sellers. As experts in this market, Astra Realty is well-positioned to help you navigate these dynamics, whether you’re looking to buy or sell.
Remember, while the sales price to list price ratio is a helpful guide, it’s just one piece of the puzzle. We at Astra Realty consider a wide range of factors to provide you with comprehensive, personalized real estate advice.