Here’s a look at the Frisco Real Estate Market for October 2018. According to NTREIS statistics, this area continues to see a decline in the number of new homes hitting the market. Let’s take a closer look at the Frisco real estate market trends.
A Look at Frisco Housing Stats
The month of October began with a total of 1,143 active sales in Frisco. This number shows a 10 percent increase from this time last year. The average sales price for homes in Frisco for the month of September was $466,670. This amount shows an increase from the $452,459 last month and a 6 percent increase from September 2017. There were 236 homes sold during the month of September, which shows a decrease when compared to the 360 homes sold last month. This area is seeing a 20 percent decrease in homes sold compared to this time last year.
What Does This Data Say About Frisco Real Estate?
Frisco saw 344 new listings hit the market in September. This number is down 18 percent from new listings in September 2017. There was a drop in new listings this month compared to the 415 we recorded last month. The Frisco area has 3.7 months of real estate inventory. The real estate market is considered balanced with a 6-month supply of inventory. The month of October began with 245 pending sales for Frisco, which is down 24 percent from this time last year.
What Does This Mean for Frisco Home Buyers?
New listings continue to hit the market at slower rates as we move into the last quarter of the year. It’s more important than ever that buyers be diligent when it comes to getting information on home listings as soon as they arrive on the 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?
Frisco home sellers are receiving are consistently receiving 97 percent of their listing price. Homes are selling for around $142 per square foot. When compared to last year at this time, we’re seeing that the numbers were in the same range. Sellers are seeing homes spend an average of 62 days on the market. One of the keys to a successful (and quick) sale is to set your asking price right the first time. Set it too high and your home sits on the market. Set it too low and you can lose money. Check our home value estimator to get an idea of what your home is worth today.
Frisco Homes for Sale
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