Frisco, TX

The local housing market is currently classified as Very Weak. A low pending ratio, coupled with rising active listings and increasing days on market, indicates a significant lack of demand relative to available inventory. Price growth has softened year-over-year, reflecting reduced pricing power.

Active listings have increased by 11.8% over the past year, contributing to an expanded supply landscape. Concurrently, new listings saw an 8.3% decrease year-over-year. The median days on market has lengthened significantly, rising by 18.8% over the past year to 57 days, signaling a slower pace of transactions. The pending ratio currently stands at 0.18, a 3.2% decline year-over-year, which reflects diminished buyer engagement. While the median listing price shows a modest 1.4% increase year-over-year, it experienced a 2.8% decrease month-over-month. The median price per square foot has also contracted, showing a 6.9% decrease over the past year.

The current market conditions reflect reduced negotiating leverage for sellers, as evidenced by a low pending ratio and increasing days on market. The growth in active listings further exacerbates inventory pressure, requiring greater price discipline. Buyers are experiencing a more favorable environment with slower transaction paces and more options, allowing for increased negotiation room.

The average listing price of $746,425 exceeds the median listing price of $699,900, indicating a presence of higher-value properties within the total inventory. However, the median price per square foot of $221 reflects a broader softening in pricing dynamics across the market, including its upper segments.