With all the new construction in Frisco, the statistics for Frisco homes for sale and Frisco homes actually sold will likely be less than the true number as builders typically to not include all of their homes in the MLS listing services. However, since that has always been the case, comparing numbers from this year’s year-to-date Frisco homes for sale and Frisco homes sold to the previous year’s (2008) number, is still very informative.
Frisco’s new listings, year-to-date, in the MLS system are standing at 2,532 listings, which is down 16% from 2008. Currently active MLS listings are at 1,341 listings which is down 21% from the prior year. So with new listings and active listings down substantially from 2008, it makes sense that actual sales should be down for the same period of time, and the number bear that out. Year-to-date through the first six months of 2009, Frisco homes that have sold are down 12% to a total of 1,299 homes. The Frisco homes for sale average sales price stands at $276,424.00 which is down 7% from 2008, however, the median sales price for Frisco homes remained at $234,000.00, unchanged from 2008.
The average price per square foot of Frisco homes for sale is an even $90.00 and the Frisco home inventory stands at 6.1 months, which is generally considered a ‘neutral’ market, and is down 11% from 2008. Frisco homes for sale are staying on the market for 84 days, down 9% from 2008. However, there is still a great selection of new and existing homes for sale in Frisco and as our economy begins to pull out of its doldrums, this could be the perfect time to grab your piece of Frisco real estate. Give me a call today and let’s get started.
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