It's still a Seller's Market!
Single-Family:
Sales were up by 6%. The average sales price rose 7% while the median sales price increased by 5%. Pending sales rose 13%, The number of new listings increased by 10% while the active listings jumped by 20%. If you are a buyer in Frisco, you are certainly happy to see the increased inventory. The months of inventory increased to 1.7 months still very short of the 6 months that is considered a balanced market.
Sales: 324
Average Sales Price: $413,188
Median Sales Price: $367,500
Pending Sales: 365
New Listings: 465
Active Listings: 554
Months of Inventory: 1.7
Information provided by The Real Estate Center at Texas A&M
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