If you live here in North Texas, you’ve probably noticed the weather can’t seem to make up its mind lately. We wrapped up October with warm days, dipped into a cold snap, and then bounced right back into the 80s.

Interestingly enough, the housing market is behaving the same way.

Some areas are still running hot, others are warming up, and a few remain on the cooler side. It’s a mix of conditions that has made this fall season one of the most unpredictable we’ve seen in years.

So the big question is this:

Is the real estate market finally turning the corner?

In this month’s update, we take a look at what’s happening nationally and then zoom in on what the latest data shows for Frisco and Prosper — two neighboring markets moving in two very different directions.

🎥 Watch the November 2025 Market Update

National Market Overview

The national data this month paints a picture of a market that’s been stuck for quite some time — but is now showing early signs of thawing.

Home Turnover Rate (Historically Low)

Historical Turnover Perspective

For the past couple of years, homeowners with low mortgage rates have stayed put, buyers have been waiting for prices or rates to fall, and sales activity slowed to its lowest point in decades.

Why Has the Market Been So Stuck?

Here are the big three reasons:

• Affordability challenges have kept many buyers on the sidelines

• Low mortgage rates have kept sellers locked into their current homes

• Economic uncertainty has made many people hesitant to make big moves

Signs Things May Be Improving

Local Market Update: Frisco & Prosper

Even though these two cities are only a few miles apart, their markets looked very different in October.

Below is a summary of the local data:

🏠 Median Sales Price (October 2025)

• Frisco: $708,500

  • +10.5% year-over-year

  • After several months of stagnation, Frisco saw a sharp rebound in prices this month.

• Prosper: $850,000

  • –1.7% year-over-year

  • Prosper continues to show softness as new construction inventory remains a major factor.

📉 Closed & Pending Sales

• Closed Sales

  • Frisco: 190 (down 9.5% YOY)

  • Prosper: 47 (down 20.3% YOY)

• Pending Sales

  • Frisco: 184 (down 3.7% YOY — showing signs of improvement)

  • Prosper: 45 (down 43% YOY)

📊 Inventory Levels

• Frisco: 4.7 months of inventory (+23.7% YOY)

• Prosper: 5.6 months of inventory (+21.7% YOY)

Both markets now sit much closer to historical norms — a big shift from the ultra-low inventory of the last few years.

⏳ Days on Market & Pricing Trends

• Average Days on Market

  • Frisco: 108 days

  • Prosper: 111 days

Homes are taking significantly longer to sell in both markets compared to previous years.

• Percentage of Original List Price

  • Frisco: 94.4%

  • Prosper: 92.9%

• Homes with Price Reductions

  • Frisco: 48.8%

  • Prosper: 56%

If you’d like to view the complete set of charts and visuals used in this update, you can see the full slide deck below:

Final Thoughts

Nationally, the market is slowly beginning to thaw — but locally, the picture is mixed.

• Frisco is showing signs of renewed strength.

• Prosper is still feeling the effects of slower sales and elevated new construction inventory.

As always, real estate is hyperlocal, and even “neighboring” markets can move in different directions.

If you’re considering buying or selling in 2025 and would like to understand how these shifts affect your neighborhood or home value, I’d be happy to talk through your situation.

👉 Schedule a free 30-minute consultation

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