Frisco Residential Property Sales For November 2016 Higher 24.2%

November 2016 Real Estate Market Summary for Frisco, TX (MLS Area 55)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 236 293 24.2 3741 3786 1.2
Closed Sales (Projected) 236 329 39.5 3741 3822 2.2
Listings Under Contract 263 265 0.8 3891 3864 -0.7
Average Sales Price $393,269 $407,544 3.6 $379,113 $404,208 6.6
Median Sales Price $335,223 $351,000 4.7 $335,000 $360,000 7.5
Percent of Original Price Received 96.8 96.3 -0.5 98.8 97.8 -1.0
Days on Market Until Sale 47 47 -1.6 33 38 14.1
Inventory of Homes for Sale 608 715 17.6
Months Supply of Inventory 1.8 2.1 16.4

This month there was a rise of 24.2% in reported homes sold relative to 2015. There were 293 reported homes sold total this month. The number of housing units sold year to date was higher 1.2% from 2015, with 3786 housing units sold this year. In November 2016 there was an increase of 39.5% in projected units sold. There were 329 projected units sold total this month. Projected housing sales year to date saw a rise of 2.2%, with 3822 projected housing sales this year. This month there was a hike of 23.3% in newly listed houses in Frisco. There were 312 newly listed houses total this month. Year to date there was a gain of 7% in newly listed houses in the market. There were 4980 newly listed houses in the market total this year. This month the number of contract listings grew 0.8% from 2015, with 265 contract listings total this month. In Frisco there was a down-slide of 0.7% in listings under contract year to date compared to the same month 2015. There were 3864 listings under contract this year. Approximate months supply of inventory this month reached 2.1 total, a gain of 16.4%. This month in Frisco properties for sale on the market gained 17.6%, with 715 properties for sale on the market this month. In November 2016 the number of days on market until sale in Frisco showed a slump of 1.6% from 2015, with 47 days total. In November 2016 in Frisco the total percent of list price received was at 96.3 total, a decline of 0.5%. Year to date in Frisco percent of asking price received reached 97.8 total, a dip of 1%.

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Frisco Texas Real Estate November 2016

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