Frisco, TX Residential Sales Activity Report for November

Single-Family:

Sales were down by 2% in Frisco. The average sales price increased by 5% and the median sales price by 3%. The pending sales jumped by 25%. The number of new listings declined by 7% and the active listings dropped 16%. The months of inventory shrank to 1.4 months. About 50% of the active inventory in Frisco is Builder new construction.

Sales: 253

Average Sales Price: $363,566

Median Sales Price: $314,500

Pending Sales: 232

New Listings: 217

Active Listings: 446

Months of Inventory: 1.4

Condos and Townhouses:

There are very few condos and townhouses in Plano. Because of the very small supply the numbers of sales and other data can be very erratic and of not much value.

Leases:

Leases were up 35% for November. The average rent increased by 5% and the median rent by 6%. The number of pending leases jumped by 205%. The new listings dropped by 3% but the active listings increased by 22%. however, the months of inventory only increased to 1.4 months still leaving it very hard to find a home to rent in Frisco.

Leases: 143

Average Rent: $1,990

Median Rent: $1,800

Pending Leases: 61

New Listings: 122

Active listings:  208

Months of Inventory: 1.4

Information provided by The Real Estate Center at Texas A&M