Hey there, Frisco! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday REALTORS, and I’m back with another exciting market update just for you. So, grab a cup of coffee, sit back, and let’s dive into the latest real estate trends in our beautiful city.

Alright, folks, let’s get right into the numbers. As of December 2023, we currently have a 5.01 Months Supply of Inventory in Frisco, Texas. Now, what does that mean? Well, it’s a reflection of the balance between the number of condos available for sale and the number of buyers actively searching. And let me tell you, it’s looking pretty good for both buyers and sellers.

Over the past 12 months, the Months Supply of Inventory has decreased by 2.53%. That’s right, folks, we’re seeing a steady decline in the number of homes available on the market, which is great news if you’re looking to sell. It means less competition and potentially a higher selling price for your property.

Speaking of selling prices, let’s talk about the List to Sold Price percentage. Currently, we’re looking at a solid 97.4%. What does that mean for you? Well, it means that on average, sellers are getting nearly their full asking price. So, if you’re thinking of selling, now might be the perfect time to make your move.

Alright, let’s shift gears and talk about time on the market. The median days on market in Frisco is 47. That’s right, folks, condos are flying off the market faster than ever before. So, if you’re a buyer, you’ll need to act fast and be prepared to make strong offers. And sellers, this means you have a great chance of selling your home quickly.

Now, I know you’re all eagerly waiting to hear about the median sold price. Well, drumroll, please… it’s $518,000! That’s the median price for condos sold in Frisco, Texas. So, whether you’re buying or selling, you can expect some significant value in our vibrant real estate market.

And there you have it, folks – your latest market update for December 2023 in Frisco, Texas. Whether you’re a buyer or seller, now is the time to take advantage of these exciting trends in our real estate market. If you have any questions or need assistance navigating this fast-paced market, remember, I’m just a phone call away.

Thanks for tuning in, and I’ll catch you in the next blog. Happy house hunting, Frisco!