Dallas Area Residential Sales Report for May – Frisco, TX

Home sales were effected by the COVID-19 virus in May with sales drown 30%. These sales reflect contracts entered into in March and April. I May buyers returned to the market and pushed up pending sales by 17%. The averaeg sales price rose 8% while the median sales price eked out a 1% gain. New listings contracted 13% while active listings fell 43%. The months of inventory is now at 2.1 months. This very low supply will cause problems for buyers going forward.

Sales: 283

Average Sales Price: $515,506

Median Sales Price: $424,300

Pending Sales: 448

New Listings: 471

Active Listings: 641

Months of Inverntory: 21.

Information provided by The Real Estate Center

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