Dallas Area Residential Sales Report for June – Frisco TX

Dallas Area Residential Sales Report for June – Frisco TX

Sales in Frisco were hit hard in June declining 24% as compared to last June. Pending sales were a little better only down 11%. With declining showings and a number of price reductions, I do not anticipate a positive sales number for July.

The average sales price did increase by 3% and the median sales price rose 2%.

The number of new listings fell 6% but the active listings rose 22% taking the months of inventory to 3.9 months. this is as high as its been for a number of years.

Continued declines in sales coupled with increasing inventory will move this market into a balanced supply very quickly. Sellers need to understand that the market is changing and price their properties accordingly.

Sales: 375

Average Sales Price: $456,299

Median Sales Price: $408,000

Pending Sales: 390

New Listings: 623

Active Listings: 1,268

Information Provided by The Real Estate Center

#mariesellsdallas #FriscoTX #Friscohomesales #realestate #homesforsale

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