Dallas Area Residential Sales Report for November – Frisco, TX

Sales continue to decline, but prices rise.

The comparisons used in this report are November vs. October.

Sales fell 6%. Pending sales increased 5%. The median sales price rose 4.5% while the average sales price was up 16.8%. These increases were cause by the number of one million + sales  doubling in November as compared to October. The ratio of sales price to original list price was 93.2%. New listings fell 18%. Active listings declined 11.8%. Days on market continued to increase as buyers are in no rush. The months for inventory  dropped slightly to 2.1 months.

Sales: 155

Pending Sales: 169

Median Sales Price: $672,450

Average Sales Price: $811,871

Ration of Sales Price to Original List Price: 93.2%

New Listings: 176

Active Listings: 411

Days on Market: 46

Months of Inventory: 2.1 months

 

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