Frisco Residential Home Sales For February 2016 Are Higher 6.2%

February 2016 Real Estate Market Summary for Frisco, TX (MLS Area 55)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 227 241 6.2 401 454 13.2
Closed Sales (Projected) 227 271 19.3 401 484 20.6
Listings Under Contract 311 289 -7.1 540 575 6.5
Average Sales Price $360,608 $397,131 10.1 $361,947 $382,065 5.6
Median Sales Price $335,000 $350,000 4.5 $329,000 $332,000 0.9
Percent of Original Price Received 98.5 98.0 -0.5 98.0 97.6 -0.4
Days on Market Until Sale 40 47 18.3 41 47 16.3
Inventory of Homes for Sale 471 519 10.2
Months Supply of Inventory 1.4 1.5 11.1

This month in Frisco the number of recorded houses sold was higher 6.2% compared to February 2015, with 241 recorded houses sold this month. Year to date there was a rise of 13.2% in the number of reported properties sold in Frisco from the same time of year 2015. There were 454 reported properties sold total this year. In February 2016 there were 271 projected real estate sales, which was a climb of 19.3%. In Frisco there were 484 projected properties sold year to date, and this was an increase of 20.6%. In February 2016 there were 365 new properties in Frisco, which was a rise of 10.3%. In Frisco there were 751 newly listed housing units in the market year to date, and this was a climb of 20.2%. In Frisco there was a dip of 7.1% in contract listings this month from February last year. There were 289 contract listings total this month. Year to date there was a climb of 6.5% in the number of contract listings in Frisco from the same month 2015. There were 575 contract listings total this year. This month the number of approximate months supply of inventory experienced a hike of 11.1%, with 1.5 months supply total. In Frisco there was a growth of 10.2% in the number of houses for sale in February 2016. There were 519 houses for sale total this month. In February 2016 there were 47 days on market until sale in Frisco, which was a climb of 18.3% compared to 2015. In February 2016 percent of list price received was lower 0.5%, with 98.0 percent of list price received total this month. Year to date the number of percent of list price received had a down-slide of 0.4%, with 97.6 percent total this year.

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Frisco Texas Real Estate February 2016

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