Dallas Area Residential Sales Report for February - Frisco TX
Sales continued their winning streak in Frisco. Up 6% in February. The average sales price did decline 6% from a year ago and the median sales price dropped %. Prices have been moderating lately. Pending sales were another matter coming in at a down 12%. That does not look good for March sales. The number of new listings rose 12% and the active listings jumped 23%. While this looks like a large increase in inventory, it's really just a reflection of how low inventories were last year. The months of inventory now stands at 2.5 months which is less than half of the 6 months considered a balanced market.
Sales: 249
Average Sales Price: $412,063
Median Sales Price: $357,500
Pending Sales: 269
New Listings: 383
Active Listings: 825
Months of Inventory: 2.5
Information provided by The Real Estate Center
#mariesellsdallas #frisco #realestate #homesforsale
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