Frisco, Texas Home Values report for November 2015

So far this year there have been 3,861 home sales overall, which is a 4% dip from a year ago. Frisco homes sold reached 259 properties this month, a 13% dip from a month ago.

Year-to-date new listings are at 4,650 in all, which is a 3% drop relative to the same month last year. This month, the number of new real estate listings in Frisco climbed 7%, with 252 houses listed this November. Frisco listed homes under contract reached 252 properties this month, which is a 8% decline from a month ago. Year-to-date there have been 3,876 current listings under contract overall, which is a 2% decline relative to the same month last year. The average price for a home so far this year gained 9% compared to the same period last year, with $379,000 being the average sales price. The average price for a house this month in Frisco gained 7% .

The average percentage of asking price received year-to-date is 99%, which is a 1% surge from last year. This month, buyers got 97% of their original price, a 0% upturn from a month ago. Year-to-date, homes have spent approximately 33 days in the market until sold, which is a 11% dip from a year ago. This November, homes spent approximately 45 days in the market until sold, which is a 20% rise from last month. The market supply of homes in Frisco increased 10% this month, with the market supply of homes at 573 properties. In November 2015 there was a 1.7 month supply of homes, which is a 12% upturn from a month ago.

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 2015.

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 2015

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