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This Month in Dallas, Plano, Frisco Real Estate July 2012

July 5, 2012

The median sale price for the nation was $177,000 which is up 3% from last month and 10% up from last year.

Freddie Mac states the average 30 year fixed mortgage rate is at 3.78% Which is the lowest rate reported since they started reporting over 50 years ago.

Here in Dallas we are seeing

The median sale price is up 5.3% from last year at this time to $130,000 and the days on market are down 6.6%. The best news is we are down to only 5.8 months of inventory this is down 29% from last year. We are in a very health market.

Here in Plano we are seeing

The median sale price has not changed from last year and is steady at $210,000 with the days on market down 16%. The best news is we are down to only 4.2 months of inventory this is down 28% from last year.

Here in Frisco we are seeing

The median sale price is up 5.5% from last year at this time to $270,000 and the days on market are down by 15%. The best news is we are down to only 4 months of inventory this is down 31% from last year.

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