Dallas Area Residential Sales Report for September – Frisco, TX

New listings continue to decline.

Single family home sales dropped 32.7% compared to last September. Pending sales fell 9,8%. The median ssles price increased by 17.8% while the average sales price was 19.4% higher. The ratio of original list price to sales price was 95.1%. New listings were off by 10.2% and the active listings jumped by 100.4%. This is very deceptive. The months of supply only stand at 2.3 months. 6 months is comsidered a balanced maeket.

Sales: 177

Pending Sales: 185

Median Sales Price: $659,500

Average Sales Price: $774,769

Ratio of Original List Price to Sales Price: 95.1%

Nes Listings: 202

Active Listings: 473

Months of Inventory: 2.3 months

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