Frisco TX Residential Sales Report for May

Lots of buyers in Frisco in May

Buyers were very active with sales up 21%. The average sales price increased 9% while the median sales price rose 1%. Pending sales were up 9% so we can anticipate next months sales will be positive. As in other markets we saw an increase in the number of new listings. In Frisco’s case they were up 16% and the active listings climbed 26%. even with these large increases in inventory the months of inventory only moved to 2.8 months. 6 months is a balanced market.

Sales: 451

Average Sales Price: $445,990

Median Sales Price: $395,640

Pending Sales: 485

New Listings: 643

Active Listings: 906

Months of Inventory: 2.8

Information provided by The Real Estate Center