Frisco Housing Sales For December 2016 Down 10.5%

December 2016 Real Estate Market Summary for Frisco, TX (MLS Area 55)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 205 238 16.1 4858 5218 7.4
Closed Sales (Reported) 324 290 -10.5 4065 4092 0.7
Closed Sales (Projected) 324 326 0.6 4065 4128 1.5
Listings Under Contract 227 225 -0.9 4118 4097 -0.5
Average Sales Price $388,592 $433,987 11.7 $379,868 $406,244 6.9
Median Sales Price $333,528 $370,000 10.9 $335,000 $360,000 7.5
Percent of Original Price Received 96.9 96.5 -0.4 98.6 97.7 -0.9
Days on Market Until Sale 49 53 8.8 35 39 13.4
Inventory of Homes for Sale 476 609 27.9
Months Supply of Inventory 1.4 1.8 27.1

In Frisco there were 290 reported properties sold in December 2016, and this was a decrease of 10.5% compared to 2015. There were 4092 property sales year to date, which was a hike of 0.7% relative to the same period last year. In December 2016 the number of projected residential housing sales experienced a climb of 0.6%, with 326 projected total. In Frisco there was an uptick of 1.5% in the number of projected residential housing sales year to date. There were 4128 projected residential housing sales this year. The number of new properties in the market in Frisco in December 2016 was up 16.1%, with 238 new properties in the market total this month. The number of newly listed homes year to date experienced a hike of 7.4%, with 5218 new on the market total this year. The number of housing units listed under contract in Frisco this month saw a down-slide of 0.9% from December last year, with 225 housing units listed under contract this month. There were 4097 listings under contract year to date, and this was a slump of 0.5% in contrast to 2015. This month in Frisco approximate months supply of properties on the market saw an increase of 27.1%, with 1.8 months supply total. Houses for sale in the market this month reached 609 total, an improvement of 27.9%. The number of days on market until sale this month showed a climb of 8.8% in contrast to last year, with 53 days total. Percent of asking price received in December 2016 saw a down-slide of 0.4%, with 96.5 percent of asking price received total this month. The number of percent of original list price received year to date in Frisco saw a drop of 0.9%, with 97.7 percent of original list price received total this year.

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Frisco Texas Real Estate December 2016

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