Frisco, Texas Home Values report for November 2014

In November of this year, Frisco houses sold went down 12%, with 272 homes sold during November. Cumulatively this year there have been 4,016 home sales total, which is a 5% decline from last year.

New housing listings this month in Frisco went down 10%, with 235 properties listed this month. New real estate listings cumulatively this year went down 7% compared to the same month last year, with 4,016 properties sold during 2014. Listed houses under contract in Frisco increased 13% this month, with 270 properties currently listed under contract this month. So far this year, listed homes under contract are at 3,951 in all, which is a 4% decrease compared to the same period last year. The average price for a house year-to-date rose 9% compared to the same month last year, the average sales price being $347,027. This November, the average price for a house was about $360,893, which is a 7% rise from last month.

This month, buyers got 97.9% of their list price, which is a 0% increase from last month. Cumulatively this year, buyers sold their houses for 98.1% of their asking price, which is a 1% rise relative to the same period last year. The days on market until sale in November of this year in Frisco increased 13%, at 52 days on market until sale. Year-to-date, homes spent an average of 40 days in the market until sold, which is a 3% dip from last year. The current supply of active listings on the market in November 2014 in Frisco went down 24%, the market inventory of available homes being 479 properties. This November there was a 1.4 month supply of available homes on the market. The month supply of houses in Frisco declined 20% this November.

Frisco real estate information, known as MLS Area 55:, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of November 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth- largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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Frisco Texas Real Estate  November 2014

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