Single-family and leasings activity remained strong in the Frisco area for September.

Single-Family:

Sales were up by 12% as compared to a year ago. The average sales price increased 11% while the median sales price rose 5%. Pending sales showed a good increase of 16%. New listings jumped 19% and active listings rose by 15%. While it’s good to see more inventory coming on the market, the months of inventory only climber to 1.8 months. Still very short supply.

About 30% of the listings in MLS are builders new homes. The average list price of the new homes is $560,849 and the average sales price in September was $496,407.

Sales: 360

Average Sales Price: $388,233

Median Sales Price: $325,000

Pending Sales: 303

New Listings: 337

Active Listings: 589

Months of Inventory: 1.8

Leases:

Leasing activity increased by 17%. The average rent rose 5% and the median rent by 3%. Nothing out of the ordinary. Pending leases jumped 33%. New Listings declined by 2% but the active listings jumped 32%. Months of inventory climbed 10 1.8 months.

Leases: 164

Average Rent: $2,025

Median Rent: $1,860

Pending Leases: 97

New Listings: 188

Active Listings: 270

Months of Inventory: 1.8

Information provided by the Real Estate Center at Texas A&M