Frisco, Texas Residential Sales Report for September

Just about flat!

Single-Family:

Sales were off by 1%. Big deal! The average sales price rose 8% while the median sales price jumped 14%. What drove the median up so much? Well, there were only 3 sales under $200,000. Pending sales creeped up a paltry 2%. The new listings increased 10% while the number of active listings rose 30%. This increased the months of inventory to a whopping 2.4 months. with 6 months considered a balanced supply, you cannot call this market anything but a Sellers Market.

Sales: 346
Average Sales Price: $421,894
Median Sales Price: $374,750
Pending Sales: 310
New Listings: 371
Active Listings: 768
Months of Inventory: 2.4

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