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Frisco Market Statistics – June 2015

Frisco Market Statistics – June 2015 

In the Frisco real estate market, conditions continue to favor sellers, even as more houses become available compared to his time last year. June 2015 found an increase in the number of new listings, active listings and pending listings for single-family homes, according to information from North Texas Real Estate Information Systems.

The 525 new listings in June 2015 represented a 4 percent increase over June 2014. Active listings increased 5 percent to 563 over the same period. Pending listings had a slight jump, with the 366 pending listings in June 2015, indicating a 3 percent increase over June 2014. Actual sales of single-family homes are flat over the same period.

The North Texas State Real Estate Information System reports that in June 2015, a total of 466 single homes were sold in the Frisco area. This represents a 0 percent increase over sales in June 2014.

Prices in the Frisco real estate market continued to climb during that year-long period. The median price of a single-family home in the Frisco area increased 11 percent between June 2014 and June 2015, to $349,900. Average home prices rose 11 percent during that period to $392,713. The dollar volume of sales during the year increased 11 percent. In total, $183,004,258 worth of homes were sold in June 2015.

Homes spend an average of 28 days on the market in Frisco, which is a decrease from the same as in June 2014. Generally high prices, limited availability, and quick sales of those homes that come up for sale make the Frisco real estate market a favorable environment for sellers.

Strong buyer demand has created multiple offers for sellers and low inventory is causing home prices to rise. It’s not uncommon for a seller to get 4 or 5 offers to chose from. Make your first offer the best in order to compete. Many first time home buyers have turned to renting and will wait until the market becomes more balanced. The influx of new companies and people to North Texas is creating unprecedented buyer demand.

See more Frisco Market Statistics Area 55 NTREIS MLS housing activity report here.

Smith & Smith Realty provides expert real estate services to residential buyers and sellers in Frisco and surrounding communities. Contact us today for more information on Frisco real estate and for professional assistance navigating this sometimes complex home market.

About Terry Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite. Have questions? Ask me.
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