Hello everyone, and welcome back to my channel! I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and I’m here today to bring you the latest market update for Frisco, Texas in July 2023. Whether you’re a buyer or seller, this information is crucial in helping you make informed decisions in the real estate market.

Let’s dive right in, shall we? Currently, Frisco, Texas has a healthy 2.91 Months Supply of Inventory. This means that if no new homes were listed, it would take approximately 2.91 months to sell all the existing homes on the market.

Now, let’s take a look at the trend over the past year. We’ve seen a decrease in the Months Supply of Inventory by -3.64%. This indicates a tightening market, where demand is outpacing supply. Sellers, this is great news for you, as it means your home has a higher chance of selling quickly and potentially at a higher price.

Speaking of prices, the List to Sold Price percentage in Frisco, Texas is an impressive 99.6%. This means that, on average, homes are selling for 99.6% of their listing price. Buyers, keep this in mind when making offers, as it’s important to be competitive in this market.

Time is of the essence in real estate, and in Frisco, Texas, homes are spending a median of just 21 days on the market. That’s right, within three weeks, homes are being scooped up by eager buyers. Sellers, this is a clear indication that now is a fantastic time to list your home and capitalize on the high demand.

Finally, let’s talk about the median sold price in Frisco, Texas. Currently, it stands at a remarkable $750,000. This demonstrates the strong market appreciation and the value of homes in this area. Buyers, while prices may be higher, remember that you’re investing in a thriving community with excellent amenities and a promising future.

And there you have it, folks – the latest market update for Frisco, Texas in July 2023. Whether you’re buying or selling, these statistics provide valuable insights into the current state of the market. If you have any questions or need guidance navigating the real estate process, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to assist you every step of the way.

Thank you for watching, and remember to subscribe to my blog for more valuable real estate tips and market updates. Until next time, take care and happy house hunting!