Contrary to national trends, Frisco, Texas homes for sale continue to see price growth. Along with two other Texas cities, Frisco made the list of top 10 cities that saw the biggest price growth from 2021 to 2022. The Texas average year-over-year growth rate is almost 5 percent higher than the national average.
The cities of Waco, McKinney, and Frisco produced some of the highest growth in the nation. Though national data is showing overall trends of the housing market slowing down, these rankings indicate the continued strength of the Texas housing market.
Why do home prices continue to rise in some communities?
Communities in states with strong demand and low supply continue to experience price growth. The housing market is specific to each geographical location. Many factors impact changes in markets, so each is a little different.
Some indicators that contribute to price growth are:
Reduced supply due to fewer people choosing to move
Slowing new home construction
Demographic shifts
Rise of remote employment, which allows broader geographical choice
When considering selling your home, it’s important to consider community demand and how that will impact your asking price.
Prices are high, but are Frisco, Texas homes for sale actually selling?
Yes! The most recent data shows 247 homes were sold in Frisco during July 2022. Market prices for homes have grown more than a third over the past year and Frisco, Texas homes for sale continue to move. On average, a home in this market is sold after listing in less than three weeks.
What should I do if I am interested in selling my home?
The answer is easy, contact Smart Realty!
Our team of expert realtors is always aware of the most current market trends. We tirelessly work to find the best offers for Frisco, Texas homes for sale. Once your home is sold, we are ready to help you find your next luxury home in the same community or elsewhere.
Our team lives in and owns properties in various north Texas communities. In addition to expert advice concerning market trends and appropriate offers, as residents ourselves, we have insider knowledge about the community. We can tell you easily searchable information such as where your kids will go to school, but we can also tell you the best place to get dinner or your next favorite fishing spot. We love our communities and know you will be great neighbors.
