Frisco, TX Residential Sales Report for August

Single-Family:

Sales in Frisco were up by 1%. The average sales price climbed by 11% and the median sales price increased by 10% as compared to a year ago. Pending sales showed a nice increase of 26% so we can anticipate September sales to be up. The number of new listings fell 1% but the active listings rose by 16%. The months of inventory increased to 1.9 months. Still not much inventory.

Sales: 421
Average Sales Price: $389,542
Median Sales Price: $337,500
Pending Sales: 356
New Listings: 406
Active Listings: 611
Months of Inventory: 1.9

Leases:

Leasing activity was strong in August up by 44%. The average rent rose 4% while the median rent climber by 3%. Pending leases were also strong up by 41%. the number of new listings jumped by 29% and the active Listings by 34%. It's nice to see more inventory come on the market  but even with these large increases the months of inventory only increased to 1.7 months.

Leases: 225
Average Sales Price: $2,083
Median Sales Price: $1,900
Pending Leases: 120
New Listings: 286
Active Listings: 280
Months of Inventory: 1.7

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