As we venture towards the halfway mark of September and the first Sunday of NFL football, I thought I would take a moment to reflect back on homes sales in Frisco, Texas over the last 24 months. Using the North Texas Regional MLS, I was able to put together the chart below depicting the number of sales each month in the city of Frisco.
As you can see there is definitely an ebb and flow to the cycle of home sales. Looking at this graph there are a few conclusions I would like to share:
First, is the total number of home sales from January 1st to August 31st in 2010 was 1,618 and in 2011 it was 1,595. With a difference of only 23 homes, Frisco has maintained a very high rate of sales at nearly 200 homes per month over those time periods. However, what is very interesting to me is that in 2010, the first time homebuyer’s credit was very active and helped to inflate those numbers. This year, the homebuyer credit only applied to a very select few and we were still able to nearly match last year’s numbers. This helps back the notion that Frisco is a very desirable place to live.
The next ideas I would like to consider come to the timing of when you should buy or sell. As you can clearly see, some months have a higher rate of sales than others. March through July have a significant higher number of sales than October through February. From a seller’s standpoint, you are going to have more potential homebuyers if you put your home on the market in March than if you start selling in December. However, you are also going to have a lot more competition, as more homes are available.
As a buyer you should begin your home search as far out as possible. With the depleted inventory in the winter months, you may be able to get a much better deal as many of the available homes are distressed sellers who either cannot wait for summer to sell or tried to sell throughout the summer and were unable to find a buyer. In either of those scenarios, you may be able to strike a deal that makes buying earlier or later than you expected more profitable. Feel free to begin your search by clicking here and remember to book mark the page as it updates several times a day to reflect only active listings.
These are just some quick introductory thoughts and ideas. I will continue to look at home sales in Frisco, Texas and provide my thoughts as I go. In the mean time enjoy this exciting weekend of NFL football and please take a moment to remember and reflect on the terrible tradegy that affected all of our lives ten years ago today.
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