Frisco bucked the trend!
Don't know what happened in Frisco but sales fell 3% in January and pending sales also declined by 5%. The average sales price jumped up 16% while the median sales price increased 8%. Sales continue to be in the upper price ranges. The number of new listings fell 8% but the active listings rose 23%. The months of inventory increased to 1.8 months. Still very short of the 6 months normally considered a balanced market.
Sales: 195
Average Sales Price: $434,539
Median Sales Price: $359,500
Pending Sales: 255
New Listings: 329
Active Listings: 576
Months of Inventory: 1.8
Information provided by The Real Estate Center
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