No shortage of buyers here!
Dallas Area Residential Sales Report for September – Frisco, TX
Home sales were up a strong 42% and pending sales rose 34% so we can anticipate good sales in October. The average sales price increased 4% while the median sales price climbed 7%. The shortage of homes for sale causing buyers to move up their price point. New listings fell 9%. Active listing declined 66% taking the months of inventory down to 1.1 months. This very low inventory will start to effect sales going forward as buyers have a hard time finding that dream home and when they do they will face stiff competition from other buyers.
Average Sales Price: $462,725
Median Sales Price: $ 415,000
Pending Sales: 389
New Listings: 333
Active Listings: 349
Months of Inventory: 1.1
Information provided by The Real Estate Center
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