The Frisco Market was jumping in January!
Sales jumped 34% in January as compared to a year ago. The average sales price was flat and we saw a small decline of 2% in the median sales price. Just some monthly gyrations in the sales. Pending sales also took a jump of 35% so it looks like February’s sales numbers will be good. There was a very nice increase of 29% in the new listings and an 11% increase in the number of active listings. With these increases the months of inventory rose to 1.4 months. 6 months is a balances supply so we can say that it’s still very much a Seller’s Market in Frisco.
Average Sales Price: $371,344
Median Sales Price: 330,000
Pending Sales: 269
New Listings: 359
Active Listings: 468
Months of Inventory: 1.4
If you live in the Frisco area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
Information provided by The Real Estate Center at Texas A&M.