I would set price expectations from recent closings, not hopeful headlines
If you are deciding whether to list now or wait, the first question is not timing alone. My answer is to price for the market you have, and in McKinney, TX that means starting from recent closed results, not just active competition.
One number to respect from recent closed data is $441,990 as the typical sold price last month. At the same time, active homes were typically asking $524,990 recently. That gap is why I do not want sellers using the highest current list prices as their only benchmark. The practical impact is simple. Buyers in McKinney, TX closed at about 96.8% of asking last month, and a typical sale took 60 days. That does not support casual overpricing followed by long periods of waiting. Looking at the latest numbers, the clearest signal was 3.02 months of supply recently. The file places that in seller-favoring territory, which means there is opportunity, but not unlimited forgiveness for pricing above where the market is actually closing. Price from the position of leverage you have, not the leverage you wish you had. Compare your home against realistic recent sold positioning before choosing a launch number. Decide now how much showing time you are willing to trade for a higher ask. Very short answer price to attract, not to test. In McKinney, TX, I recommend entering the market with a number you can defend against recent closings and current competition. Prep the home before it goes live. Set a response plan in advance if showing activity is lighter than expected. That keeps you in control instead of reacting late.
About Mercy Le Fevre
Mercy Le Fevre is a licensed Real Estate Professional affiliated with eXp Realty, specializing in the McKinney market. With a focus on strategic marketing and deep local knowledge, Mercy Le Fevre provides clients with expert guidance in navigating complex real estate transactions. View full profile →
