Inventory falls as buyers snap up homes

Dallas Area Residential Sales Report for October – Frisco, TX

Home sales shot up 40% as compared to last October. Pending sales climbed 25%. The average sales price rose 3% while the median sales price increased 4%. Supply had no help from new listings as they fell 7%. With all the sales active listings declined by 72% taking the months of inventory down to 0.8 months. 6 months is considered a balanced market.

Sales: 389

Average Sales Price: $499,915

Median Sales Price: $425,000

Pending Sales: 359

New Listings: 316

Active Listings: 266

Months of Inventory: 0.8 months

Information provided by The Real Estate Center

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