Ken Oenbrink - NTX Property Watch Report

Frisco, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Frisco, TX

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Frisco, TX

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Frisco market.
Median List Price $499,990
Per Square Foot $155
Days on Market 95
Price Decreased 51%
Price Increased 5%
Relisted 7%
Inventory 887
Median House Rent $2,100
Most Expensive $5,900,000
Least Expensive $244,900
Market Action Index
Slight Seller's Advantage
35

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$948,000 4,945 0.25 - 0.5 acre 5 4 13 9 12 145
$592,499 3,895 8,000 - 10,000 sqft 4 4 3 20 14 91
$450,000 3,344 6,500 - 8,000 sqft 4 3 6 27 24 85
$355,000 2,515 6,500 - 8,000 sqft 4 2 17 29 29 58