Dallas Area Residential Sales Report for July – Frisco, TX
Sales down but prices continue to rise.
Home sales fell 19% in July compared to last July. Pending sales were off by 17%. Looks like August sales will be down. The average sale price increased 30% while the median sales price increased 25%. New listings weren’t any help off 8%. The number of act rive listings dropped 52%. The months of inventory now stands at 0.8 months. The months of inventory is a measure of supply/demand. 6 months is considered a balanced market.
Average Sales Price: $624,761
Median Sales Price: $545,700
Pending Sales: 397
New Listings: 466
Active Listings: 258
Months of Inventory: 0.8 months
Information provided by The Texas Real Estate Center
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