Frisco's Real Estate Market Improves in 2012
As shown in the graphs above, Frisco's real estate market improved across the board in 2012 as compared to 2010 (which was up from 2010).
Total number of properties sold in Frisco, in 2012 was 2,723 which was up from 2356 in 2011 with the median sales price rising by $3000 to $268,000 and the total volume of properties sold in Frisco rising to $863,529,778, up by nearly $150 Million compared to the total for 2011 (up $148,615,654).
June was the most popular month to sell a home with August and May following closely behind, and the $200,000 - $300,00 price point was the hottest price range of the year.
More good news for sellers included the fact that the Days on Market Average was down in 2012 as compared to 2011 in all price ranges above $100,000.
Inventory is at record lows as we enter 2013, which means less competition for home sellers. This combined with record low interest rates (that are predicted to be rising soon), makes 2013 a fantastic time to be both a buyer and seller of real estate in Frisco, TX!
Contact Stan & Ashley McDonald today for all of your Frisco Area Real Estate Needs!
972-977-7826 or HomesForSale@me.com
Stan & Ashley McDonald are agents of RE/MAX Performance Group.
Thanks to Chicago Title for the Use of Their Charts and Graphs. Information provided by NTREIS, North Texas Real Estate Information Systems.