Single-Family:
Sales were up by 10% in Frisco for December. the average sales price increased by 7% and the median price by 11%. The pending sales number increased by 10%. We saw a good jump of 16% in the number of new listings but the number of active listings continued to fall and was down by 10%. the months of inventory declined to 1.3 months.
Sales: 291
Average Sales Price: $365,799
Median Sales Price: $ 328,000
Pending Sales: 166
New Listings: 186
Active listings: 410
Months of Inventory: 1.3
Condos and Townhouses:
There are not enough condos and townhouses located in Frisco to generated any useful data.
Leases:
The number of residential leases in Frisco increased by 13% in December. The average rent increased by 14% while the median rent increased by 6%. Looks like we had more rentals in the lower price ranges in this month. Pending leases jumped 167%. The new listings increased by 33% pushing up the number of active listings by 22%. There was a slight increase in the months of inventory to 1.4 months which still does not leave us with much supply.
Leases: 103
Average Rental Rate: $2,079
Median Rental Rate: $1,850
Pending Leases: 64
New Listings: 153
Active Listings: 202
Months of Inventory: 1.4
Information provided by The Real Estate Center at Texas A&M
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