Frisco TX Residential Sales Report for August

More homes on the market

New listings rose 16% and the number of active listings jumped 38%. If you are a buyer, you now have more choices in homes. Sales fell 3% in august as compared to last August. The average sales price increased 2% and the median sales price was up 1%. Pending sales saw a decrease of 6%. The months of inventory rose to 3.2 months. With 6 months considered a balanced market, we continue to find  ourselves deep into a Seller’s market.

Sales: 414

Average Sales Price: 439,511

Median Sales Price: $385,000

Pending Sales: 345

New Listings: 486

Active Listings: 1,085

Months of Inventory: 3.2

Information provided by The Real Estate Center