Having the right data at your fingertips can make all the difference in your real estate decision. With this comprehensive update, grasp the market’s pulse and position yourself for success. If you’re considering buying or selling a house in Frisco, Mister Frisco’s September market update is a must-read. Here’s a quick summary of the main points: home prices on the rise in Frisco.
Home Prices are Going Up
The median home price in Frisco in September is $693,000. That’s a 9.1% jump from last year and a 1.2% increase from August. Good news for homeowners and sellers as the value of houses in Frisco continues to climb. The robust real estate market in Frisco is not only benefiting homeowners and sellers, but it also reflects the city’s growing appeal as a prime destination for both residents and investors alike.
Fewer Homes for Sale
There are 18.5% fewer homes on the market compared to last year, with only 340 houses currently up for grabs. That’s also a 7.4% drop from August. With fewer choices out there, buyers need to make quick decisions. The limited inventory of available homes, coupled with the decreasing trend in supply, puts pressure on buyers to act swiftly and make well-informed decisions in the competitive Frisco real estate market.
Sales Have Slowed a Bit
In September, 165 homes were sold, which is a slight decrease of 2.4% from last year and a 6.8% drop from August. Despite this, the value of homes remains strong due to higher prices. Houses in Frisco stayed on the market for an average of 22 days. This is longer than last year and seven days more than in August. This gives buyers extra time and negotiation power.
Pending Sales are Down
With only 127 homes pending sale in September, there was a 26.6% drop from last year and a 25.7% decrease from August. This trend might signal a slowing market, creating chances for eager buyers soon.
Still a Market for Sellers
Frisco is still very much a seller’s market, with homes lasting, on average, 2.2 months, slightly less than last year. This means it’s still a good time for homeowners thinking about selling.
Maximize Your Home Investment in Frisco
In Frisco, while the cost of homes keeps increasing, making sellers happy, the slowing sales and longer market times might bring opportunities for buyers. With changes in the market, careful planning is key, and Mister Frisco is here to help guide you through buying or selling, providing the needed support and knowledge for smart housing decisions in Frisco.
Home prices on the rise in Frisco! Reach out to Mister Frisco today for expert guidance and make well-informed decisions whether you’re buying or selling your home in Frisco.
