Frisco Condos and Townhomes

Hey there, everyone! Marie Walton here with Ebby Halliday REALTORS, bringing you the latest market update for July 2024 in Frisco, Texas. So grab a seat, grab a snack, and let’s dive into the numbers! Currently, we have a 7.56 Months Supply condos and townhomes in Frisco. What does that mean for you as a buyer or seller? Well, it means that there are still plenty of homes on the market to choose from, but not an overwhelming amount. It’s a good balance that keeps the market moving. Over the last 12 months, we’ve seen a decrease of -11.99% in Months Supply of Inventory. This is great news for sellers, as it indicates a more competitive market with less inventory available. [Cut to graphic showing List to Sold Price percentage] Marie Walton: The List to Sold Price percentage is sitting at a strong 98.1%. This means that condos and townhomes in Frisco are selling for very close to their list price, which is fantastic news for sellers looking to maximize their return on investment. The median days on market is currently 42 days. This means that on average, condos and townhomes in Frisco are selling relatively quickly. Buyers, be prepared to act fast when you find a home you love! And finally, the median sold price in Frisco is $527,500. This is a healthy and stable price point that reflects the strong demand for homes in this area. So there you have it, folks! The market in Frisco is looking strong and steady, with plenty of opportunities for both buyers and sellers. If you’re thinking of making a move, now might be the perfect time! Thanks for dropping in, and be sure to reach out to me if you have any questions or are ready to start your real estate journey. Until next time, happy house hunting!