Hey there, everyone! Marie Walton here, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. Today, I’m bringing you a market update for March 2024 in Frisco, Texas. Whether you’re looking to buy or sell, this information is crucial for making informed decisions in the real estate market.

Let’s dive right in! Currently, we have a 2.85 Months Supply of Inventory in Frisco. What does that mean? Well, it means that if no new homes were listed, it would take just under 3 months to sell all the homes currently on the market. And over the last 12 months, we’ve seen a whopping 93.88% increase in Months Supply of Inventory. So, buyers, it’s a great time to have more options to choose from!

Next up, the List to Sold Price percentage is at an impressive 99%. This means that homes in Frisco are selling for very close to their list price, which is great news for sellers looking to get top dollar for their home. Buyers you had better be prepared to pay over list price.

The median days on market in Frisco is just 25 days. That’s less than a month! So, if you’re looking to sell, you can expect a quick turnaround on your listing.

And finally, the median sold price in Frisco is currently sitting at $709,000. This is a strong indicator of the overall health of the real estate market in the area.

So, whether you’re a buyer or seller, now is a great time to make your move in Frisco, Texas. If you have any questions or are interested in buying or selling a home, don’t hesitate to reach out to me. I’m here to help you every step of the way.

Thanks for dropping in, and I’ll see you in the next update! Happy house hunting!