Marie Walton: Hello, everyone! I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m here to give you an exciting market update for the beautiful city of Frisco, Texas. Whether you’re a buyer or seller, this update is designed to keep you engaged and informed. So, let’s dive right in!
As of November 2023, Frisco’s real estate market is showing some incredible trends. Currently, we have a 2.37 Months Supply of Inventory. Now, what does that mean? It indicates the number of months it would take to sell all the homes on the market if no new properties were listed. This figure is a critical indicator of market activity, and it’s great news for both buyers and sellers.
Looking back over the last 12 months, we’ve seen a significant -11.9% decrease in Months Supply of Inventory. This decline suggests a tightening market, which can create a sense of urgency for buyers while offering sellers a favorable environment to get their properties sold quickly.
Now, let’s talk about List to Sold Price percentage. In Frisco, we’re currently seeing an impressive 97.6% List to Sold Price ratio. This means that, on average, sellers are achieving almost the full asking price for their homes. It’s a testament to the high demand and competitive nature of our market.
Another important metric that buyers and sellers should pay attention to is the median days on market. In Frisco, the median days on market is 31. This tells us that, on average, homes are selling relatively quickly. It’s crucial information for sellers who want to gauge how long their property might be on the market, and for buyers to understand the need for prompt action when they find their dream home.
And finally, let’s discuss the median sold price. In Frisco, the median sold price currently stands at $645,500. This figure represents the midpoint of all home sales in the area. It’s essential for both buyers and sellers to be aware of this value as it helps set realistic expectations and guides pricing decisions.
So, whether you’re considering buying or selling in Frisco, Texas, now is an exciting time to make your move. With a tightening market, high List to Sold Price ratios, relatively quick sales, and a healthy median sold price, there are plenty of opportunities for success.
If you have any questions or would like personalized advice regarding your real estate needs, please don’t hesitate to reach out to me I’m here to guide you every step of the way.
Marie Sells Dallas 