Hey there, everyone! Welcome back to another exciting market update video with your trusted REALTOR®, Marie Walton, from Ebby Halliday REALTORS. I’m so glad you joined us today as we dive into the latest real estate trends in the beautiful city of Frisco, Texas. So, whether you’re a buyer or seller, this update has got you covered. Let’s jump right in!

Alright, let’s start by taking a look at the current supply of inventory in Frisco. As of December 2023, we have 1.8 months of supply available. Now, what does that mean for you as a buyer or seller? Well, it means we are still in a highly competitive market, with limited options for buyers.

But here’s the good news. Over the past 12 months, we’ve seen a significant decrease of 18.92% in the Months Supply of Inventory. This indicates a market where demand is strong, and properties are being snatched up quickly. So, if you’re a seller, now might be a great time to put your home on the market!

Now, let’s talk about the List to Sold Price percentage. In Frisco, we’re currently seeing a list-to-sold price percentage of 97.2%. This means that, on average, homes are selling for 97.2% of their listing price.

This data highlights the importance of pricing your home correctly from the start. Sellers who price their homes competitively are more likely to attract multiple offers and achieve a higher selling price. So, if you’re thinking of selling, make sure to consult with a trusted REALTOR® who can provide you with a detailed market analysis.

Now, let’s move on to the median days on market. In Frisco, the median days on market is currently 44 days. This means that, on average, it takes about 44 days for a home to go from listing to being under contract.

While this may seem like a relatively short time, it’s important to note that well-priced and well-marketed homes can sell even faster. So, sellers, make sure to work closely with your REALTOR® to optimize your listing strategy and attract potential buyers in a competitive market like ours.

Last but certainly not least, let’s talk about the median sold price in Frisco. Currently, the median sold price stands at a strong $729,000.

Frisco continues to be an attractive destination for buyers, with its fantastic amenities, great schools, and thriving community. The steady increase in the median sold price is a testament to the growing demand for homes in this area. If you’re a seller, this market update should put a smile on your face!

Well, that wraps up our market update for Frisco, Texas, in December 2023. I hope you found this information informative and valuable in guiding your real estate decisions. Remember, whether you’re buying or selling, having a knowledgeable REALTOR® by your side is crucial in navigating the market successfully.

As always, if you have any questions or need assistance with your real estate needs, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday REALTORS. I’m here to help! Thank you for watching, and until next time, take care and happy house hunting!