Single-Family:

Sales were flat in Frisco for June. The average sales price rose 11% and the median sales price was also up 11%. Pending sales were up by 3%. The number of new listings increased 4% while the active listings were up by 5%. The months of inventory is now at 1.7 months.

About ⅓ of the active listings are builder new homes. As in previous months some of the increase in sales prices are attributable to the sales being concentrated in the upper price ranges.

Sales: 466

Average Sales Price: $392,713

Median Sales Price: $349,900

Pending Sales: 366

New Listings: 525

Active Listings: 563

Months of Inventory: 1.7

Leases:

Leases were up 5% in june. The average rent increased by 5% while the median rent climbed 8%. Pending leases rose 174%. The number of new listings jumped 35% and the active listings 51%. Unfortunately theses increases only lifted the months of inventory to 1.6 months. Still a very tight market.

Leases: 204

Average Rent: $2,109

Median Rent: $1,950

Pending Leases: 148

New Listings: 317

Active Listings: 215

Months of Inventory: 1.6
Information provided by the Real Estates Center at Texas A&M.