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“One of our goals at the Michael Reese Home Selling Team is to help our clients make better decisions with respect to import things like buying or selling a home by having all the facts and information they need at hand and that includes keeping them well informed about current market conditions in their area. As part of our effort to accomplish that goal, please find below a copy of our latest Frisco Market Trends report. If you have any questions about this report (see the definitions below), the housing market in general or more information about your specific home buying or selling needs, please give me a call at 972- 672-6271. ” |
| Frisco Total Market Overview Report Definitions
Active Listings: Active listings in Paragon (MLS). Pendings: Listings which have received an acceptable offer from a buyer and are on the way to closing. Pending Ratio: Pendings / Active Listings (by price range) Expired Listings: Listings which have been ‘rejected by the market’ in the past six months. This is a rolling six-month (we calculate by going back 180 days from the date of the report) set of listings which were listed for sale and ‘rejected’ by the market and the sellers decided to pull or withdraw them and take them off the market. Closings: These are homes which were listed for sale, received an offer and closed with a new buyer. This is a six-month rolling total (180 days back) of all homes sold. Sold/Mo: Number of houses sold over a six months (180 day period) / 6 Months Inventory: Active Listings divided by Sold/Month. Note: Although many months of listings show for any price range, the average days on the market is normally significantly lower. This is due to the fact that there are normally a substantial amount of homes that are mis-priced or grossly overpriced. Days on Market is driven by the homes that actually sell vs. Months of Inventory. Average List / Sold Price: These are the averages for all homes that have sold in the past 180 days. MLS Data calculated for the average list and sales price for every home sold in the respective price range. List to Sales Ratio: Average List Price / Average Sales Price Days on Mkt.: Average days the homes in the price range that sold over the 180 day period. |