The Frisco market has remained completely quiet for some time as, once more this week, no sales were reported over the previous 30 days. Frisco usually averages 227.8 sales per month. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks.
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Yet again, no deals were completed in the Frisco market over the last 30 days. Frisco is used to having 233.9 sales per month. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks.
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Typically, Frisco accounts for 239.9 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.
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The Frisco market reported zero sales over the last 30 days, appearing to hit bottom after trending lower for three weeks.
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The population of Frisco is very affluent compared to others in Texas with a median income of $88,232 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 116.0. With a median age of seven years, homes in Frisco tend to be quite new. Heading the list of top schools in the city is Curtsinger Elementary School.
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Sales dropped in the Frisco market to 62 homes sold over the last 30 days. It's also under a recent downward trend in the number of contracts closing, with this week's number falling to 25. While contracts were soft, months of inventory hit 24, extending an upward trend to four weeks. The downturn in contracts and such a large amount of inventory prove that Frisco is still a solid buyer's market.
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The Frisco market remained cool with 151 homes sold in the last 30 days, a 31.4% sales drop. Meanwhile, close-by McKinney reported 150 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $384,900 over the latest reporting period for Frisco, down from $385,000. Frisco is a solid buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
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In this week's report, the number of homes sold in the Frisco market dropped to 220 over the past 30 days. It marked a decrease of 29.3% from last week's report and a fall below the monthly average. In comparison, nearby McKinney had 238 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $385,000 over the latest reporting period for Frisco, down from $409,900. Along with the slip in sales, a relatively high seven months of inventory indicates that Frisco is a strong buyer's market.
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$599K  
The Frisco market pulled back with a 6.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (263.6) with 311 homes sold. Within the same time frame, McKinney had 342 sales, the most of all cities in the area. The median sales price dropped to $409,900, down from last week's $415,000.
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$274K  
The Frisco market pulled back this week but was still better than normal as sales fell to 320 homes sold over the last 30 days. On the other hand, close-by McKinney registered 355 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $415,732, down from last week's $424,900.
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