Here’s a look at the Frisco Real Estate Market for July 2018. According to NTREIS statistics, this area is experiencing an increase in new listings on the market and a decrease in the average sale price. Let’s take a closer look at the Frisco real estate market trends.
A Look at Frisco Housing Stats
The month of July began with a total of 1,268 active listings in Frisco. This number shows a 22 percent increase from this time last year. The average sales price for homes in Frisco for the month of June was $456,299. This amount shows a drop from the $459,468 last month and a 3 percent increase from June 2017. There were 375 homes sold during the month of June, which shows a decrease from the 413 sold last month. This area is seeing a 24 percent decrease in homes sold compared to this time last year.
What Does This Data Say About Frisco Real Estate?
Frisco saw 623 new listings hit the market in June. This number is down 6 percent from new listings in June 2017. There were slightly fewer new listings this month when we consider the 625 from the month before. This is good news for the current real estate inventory, which is showing 3.9 months of inventory. The real estate market is considered balanced with a 6-month supply of inventory. The month of July began with 390 pending sales for Frisco, which is down 11 percent from this time last year.
What Does This Mean for Frisco Home Buyers?
Frisco is seeing a slow down this month when it comes to new listings. This means that you’ll find a bit more competition when it comes to finding the home of your dreams. How can you get an edge in today’s market? Sign up for new listing alerts to come straight to your e-mail inbox. You can set up your search criteria and get a step up on the competition. Having a search account allows you to modify search options should something change, and it ensures that you’re notified quickly according to your criteria.
What Does This Mean for Frisco Home Sellers?
Currently, sellers are receiving 98 percent of their listing price. Homes are going for around $145. per square foot. This number shows an increase of 2 percent from June 2017. Homes are spending an average of 46 days on the market. Want to make sure you are pricing your home correctly. Use the 15-second home value calculator below and then give us a call for a more comprehensive report. Setting your asking price right the first time is extremely important. Set it too high and your home sits on the market. Set it too low and you can lose money.
Frisco Homes for Sale
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.