Dallas Area Residential Sales Report - Frisco TX
There was a slight decline of 1% in sales for November as compared to last November. The average sales price was up 3% while the median sales price fell 1%. Price increases have been moderating. Pending sales came in up 6%. There was a 1% rise in the number of new listings. Active listings shot up 24%. This just shows you how low the supply was last November. While buyers may have a few more homes to choose from, the months of inventory is very low at 2.5 months. 6 months is considered a balanced market. Frisco's well in the sellers side of the equation.
Sales: 290
Average Sales Price: $424,922
Median Sales Price: $357,000
Pending Sales: 275
New Listings: 298
Active Listings: 824
Months of Inventory: 2.5
Information provided by The Real Estate Center
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