Hello everyone, and welcome back to my blog. I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today I have an exciting market update for all you buyers and sellers out there. It’s September 2023, and we’re here in beautiful Frisco, Texas, where the real estate market is buzzing. So, let’s jump right into it!

First, let’s talk about the inventory. Currently, we have a 2.4 Months Supply of Inventory. That means if no new homes were listed, it would take just 2.4 months to sell all the existing homes on the market. And here’s an interesting fact: over the last 12 months, we’ve seen a -20% decrease in the Months Supply of Inventory. That’s a significant drop, indicating a strong demand for homes in this area.

Now, let’s dive into the numbers that matter to both buyers and sellers. The List to Sold Price percentage is currently at an impressive 98%. This means that, on average, sellers are receiving 98% of their listing price. It’s a clear indication that homes in Frisco, Texas, are in high demand, and buyers are willing to pay close to the asking price.

Another important metric to consider is the median days on the market. In Frisco, homes are selling fast, with a median of just 29 days on the market. That’s less than a month! So, if you’re a seller, you can expect your home to be off the market relatively quickly.

Lastly, let’s talk about the median sold price. Currently, the median sold price in Frisco, Texas, stands at an impressive $706,500. This number reflects the midpoint of all the homes sold in the area, indicating a strong and thriving real estate market.

So, what do all these numbers mean for you as a buyer or seller? Well, if you’re a buyer, it’s important to act fast and be prepared to compete in this competitive market. With low inventory and high demand, it’s crucial to work with a knowledgeable REALTOR® who can guide you through the process and help you make a strong offer.

And if you’re a seller, now is a great time to list your home. With homes selling quickly and at a high list to sold price percentage, you have the opportunity to maximize your return on investment. However, it’s still essential to price your home strategically and work with a REALTOR® who understands the local market dynamics.

That’s all for today’s market update. I hope you found this information valuable and insightful. If you have any questions or if you’re interested in buying or selling a home in Frisco, Texas, please don’t hesitate to reach out to me. I’m here to help!

Thank you for drooping in and I’ll see you next time. Remember, Frisco’s real estate market is thriving, and together, we can make your real estate dreams a reality. Take care and have a fantastic day!