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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Frisco Texas Home Values were UP 17% in October

Frisco Texas Home Values were UP 17% in October over the same month last year with 216 homes selling this month compared to 185 sold this month last year! For the 2011, year to date, overall home sales were UP 5% with 2,482 homes sold compared to 2,365 homes sold last year.

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New listings were DOWN 8% for the same period last year with 296 homes listed as compared to 323 listed this month last year. For the year 2011 overall home listings were DOWN 13% with 3,821 homes listed as compared to 4,399 homes listed last year. Listings under contract were DOWN 5% with 194 homes listed compared to 204 homes listed this month last year. Listings under contract for all 2011 were UP 5% with 2,572 homes listed as compared to 2.455 listed for all last year.

The average sales price of homes was DOWN 4% to $278,579 as compared to $288,707 for this month last year. The overall year of 2011 average sales prices were UP 3% to $283,554 as compared to $276,570 last year. Sellers received 94.7% of their asking price this month as compared to 93% this month last year. The average days on the market until sold in September was 81 days compared to 90 days for this month last year DOWN 10%.

The current supply of homes on the market was 900 homes DOWN 33% as compared to 1,346 homes from the same period last year. This is 3.7 month supply of homes on the market DOWN 37% as compared to 5.8 month supply from this month last year.

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