Mister Frisco is back with some noteworthy insights about the Frisco housing market. If you’re considering entering the housing game as a seller or a buyer. So, what’s hot in Frisco? Here’s a straightforward breakdown of the current scenario.
Home Prices and Availability
The housing market in Frisco is showing promise for sellers. In August, homes were priced roughly 9.6% higher than last year. To add, prices witnessed a slight uptick of 0.3% from July. On the flip side, there’s a decrease in the number of available homes. Listings have dipped by 20.4% compared to last year, and they further reduced by 2.4% from July to August. In simple terms, prices are increasing, but choices might be limited.
Sales Dynamics
Properties in Frisco are getting snapped up quite rapidly, averaging about two weeks (or 14 days) on the market. That said, it did take homes two days longer to sell in August than in July. Furthermore, ‘pending sales’—homes nearly on the brink of being sold—saw a 22.4% decrease compared to last year and a 10.8% drop from July. This indicates a slight slowdown in the momentum.
Overall Market Outlook
Considering the current trends, Frisco’s real estate landscape is lively. Sellers are in a favorable position with rising prices and decreased listings, making it a potentially advantageous time to list. Buyers, while there might be a dash for the best properties, remember, there’s always something out there for everyone.
Stay connected for more updates and to find out what’s hot in Frisco! Mister Frisco will help you through your housing decisions.
