If you have been thinking about making a move in 2017 and buy a home in Frisco Texas, history (and the study of its resulting statistics) indicates that now is your best time to buy a home in 2017.
When we take a look at the seasonal impact of inventory changes in the Frisco real estate market, we find some interesting evidence that supports buyers making a decision now versus waiting for later in the year.
Take a look at three real estate graphs that buyers should understand in order to make the best "tactical" decision when using market timing to buy a home.
Fewer Homes Under Contract
First of all, there are fewer houses on the market now than there will be all year. At first blush, this might sound like "fewer selections," but our recent study of supply and demand indicates that there is still "a more than normal" amount of homes for sale in Frisco.
The graph below breaks up the inventory into two groups. The blue columns measure the number of homes on the market that are already under contract with a buyer, while the red columns show the number of homes on the market that are not under contract, both of these are measured on the left vertical axis.
The green line shows the percentage of "available" homes that are currently under contract.
Source: North Texas MLS (NTREIS)
This graph reveals that buyers will see the highest percentage of inventory that is truly available today than we have seen since 2014. Roughly 25% are under contract, down from nearly 45% during the Summer months.
Real Estate Seasonality
Real estate is local, and localities bring a seasonal impact to the housing market.
The following graph has been meticulously crafted from data mined from more than 4 years of work. Take a good look at what it reveals about home sales in Frisco.
Source: North Texas MLS (NTREIS)
This graph was produced by looking at every home that sold in Frisco, Texas and was posted in the North Texas MLS. We took the dates that the properties went under contract and compared them with the total number of homes for sale each month.
This analysis reveals a historic look at the decision making of homebuyers; when did they "pull the trigger" on their home purchase, and how much of this activity occurred compared to the number of homes that were listed for sale.
It shows that the least active month of the year for homebuyers in Frisco has been January, thus if you go out in the market today, you will have less competition from other buyers than during any other month of the year.
If now does not suit you, then wait. But if there is nothing holding you back from buying immediately, use the tactical advantage of reduced competition to buy a home in Frisco today.
If you would like to start the process by meeting with a highly trained real estate buyer's agent, then simply drop me a note and we'll get the process rolling.
How to get your Frisco home SOLD fast with no stress for the most amount based on market?
Choose a Realtor you can trust
Price it right
Remove all the roadblocks from showing your home to potential buyers
It takes more than just these four suggestions but if you do the first one (choosing the right Realtor), you'll be in great hands!
If you are thinking about selling your Frisco home and would like to find out the market value, you can use this link to get a FREE home evaluation. You can also call or text me at 469-269-6541 or visit www.NitinGuptaDFW.com
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The above information regarding the “What's My Frisco TX Home Worth? September 2017 Update" was provided by Nitin Gupta, REALTOR. Nitin has experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, he would love to share his knowledge and expertise. Learn more about Frisco real estate market and Denton County Real Estate news at
The communities he proudly serves include University Park, Frisco, Coppell, Frisco Flower Mound, Colleyville, Grapevine, Highland Park.