Dallas Area Residential Sales Report for August - Frisco TX
As was the case in most of the Northern Dallas Suburbs, sales were down in Frisco by 9%. Pending sales came in off 18% so September is not shaping up to be a positive months. The average sales price climbed 2% and the median sales price rose 6%. The number of new listings declined 15%. not good if you are a buyer. The number of new listings actually rose 10% as compared to last August. The months of inventory now stands at 3.8 months. this is the highest number in a very long time and we are moving closer to what is considered a balanced, market.
Sales: 360
Average Sales Price: $452,459
Median Sales Price: $412,500
Pending Sales: 247
New Listings: 415
Active Listings: 1,191
Months of Inventory: 3.8
Information provided by The Real Estate Center
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