Frisco Housing Sales For January 2017 Lower 11.1%

January 2017 Real Estate Market Summary for Frisco, TX (MLS Area 55)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 385 348 -9.6 385 348 -9.6
Closed Sales (Reported) 216 192 -11.1 216 192 -11.1
Closed Sales (Projected) 216 216 -0.1 216 216 -0.1
Listings Under Contract 288 256 -11.1 288 256 -11.1
Average Sales Price $365,596 $421,038 15.2 $365,596 $421,038 15.2
Median Sales Price $322,500 $348,450 8.0 $322,500 $348,450 8.0
Percent of Original Price Received 97.1 96.7 -0.4 97.1 96.7 -0.4
Days on Market Until Sale 48 45 -6.4 48 45 -6.4
Inventory of Homes for Sale 510 635 24.5
Months Supply of Inventory 1.5 1.9 25.2

Reported units sold in January 2017 in Frisco saw a decline of 11.1% relative to January 2016, with 192 reported units sold total this month. The number of residential housing sales year to date was lower 11.1% compared to 2016, with 192 residential housing sales this year. This month there was a fall of 0.1% in projected home sales. There were 216 projected home sales total this month. Year to date the number of projected houses sold declined 0.1%, with 216 projected houses sold this year. In Frisco there was a decrease of 9.6% in new homes in January 2017. There were 348 new homes total this month. In Frisco year to date new homes listed was 348 total, a decline of 9.6%. In Frisco in January 2017 listings under contract reached 256 total, a dip of 11.1% from the same month last year. Year to date units listed under contract reached 256, a slump of 11.1% from last year. Approximate months supply of housing inventory this month rose 25.2%, with 1.9 approximate months supply of housing inventory total this month. Houses for sale in the market in Frisco this month underwent an uptick of 24.5%, with 635 listed for sale total. The number of days on market until sale this month experienced a dip of 6.4% from January 2016, with 45 days total. This month percent of asking price received showed a drop of 0.4%, with 96.7 percent total. In Frisco percent of original asking price received year to date underwent a decrease of 0.4%, with 96.7 percent total this year.

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Frisco Texas Real Estate January 2017

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