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.

Sales: 409

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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