As a real estate professional, it is crucial to understand the correlation between various metrics in the housing market to make informed decisions when buying or selling a property so let’s take a look at the Frisco, Texas market.

The Months Supply of Inventory is a key indicator that shows the balance between supply and demand in the market. A lower number indicates a seller’s market, while a higher number suggests a buyer’s market. In this case, with a Months Supply of Inventory at 3.71, it is safe to say that the market is leaning towards a seller’s market.

The 12-Month Change in Months of Inventory increasing by +87.37% indicates a shift in the market dynamics. This significant increase suggests that there is more inventory available compared to the previous year, which could potentially lead to a more balanced market or even a buyer’s market in the near future.

The Median Days Homes are On the Market at 25 days shows that properties are selling relatively quickly in this market. This is good news for sellers as it indicates strong demand for homes in the area.

The List to Sold Price Percentage of 99% indicates that sellers are getting close to their asking price or over when selling their homes. This is a positive sign for sellers as it shows that buyers are willing to pay close to the listed price for properties in this market.

Lastly, the Median Sold Price of $700,000 gives buyers and sellers an idea of the average price of homes in the area. This information can help sellers determine the value of their property and assist buyers in making competitive offers.

Overall, these metrics paint a picture of a market that is favorable for sellers due to low inventory, quick sales, and strong sale prices. However, the increasing inventory levels suggest a potential shift towards a more balanced market in the future. Buyers and sellers should take these metrics into consideration when making real estate decisions in this market.