Sherman Home Sales For January 2017 Are Higher 8.8%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Sherman, TX (MLS Area 37)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 51 35 -31.4 51 35 -31.4
Closed Sales (Reported) 34 37 8.8 34 37 8.8
Closed Sales (Projected) 34 42 22.3 34 42 22.3
Listings Under Contract 42 26 -38.1 42 26 -38.1
Average Sales Price $147,764 $144,070 -2.5 $147,764 $144,070 -2.5
Median Sales Price $149,750 $135,000 -9.8 $149,750 $135,000 -9.8
Percent of Original Price Received 91.3 96.5 5.7 91.3 96.5 5.7
Days on Market Until Sale 71 45 -36.3 71 45 -36.3
Inventory of Homes for Sale 129 103 -20.2      
Months Supply of Inventory 3.0 2.2 -26.0      

The number of housing units sold in Sherman this month saw an improvement of 8.8% from the same period last year, with 37 sold total. In Sherman year to date the number of units sold showed an uptick of 8.8% relative to last year, with 37 sold total this year. In January 2017 in Sherman projected homes sold saw a growth of 22.3%, with 42 projected homes sold total this month. Year to date projected real estate sales in Sherman climbed 22.3%, with 42 projected real estate sales total this year. In January 2017 there were 35 newly listed houses in Sherman, and this was a fall of 31.4%. There were 35 new properties year to date, and this was a decline of 31.4%. In Sherman there was a slump of 38.1% in the number of contract listings this month from the same month 2016. There were 26 contract listings total this month. Contract listings year to date was 26, a down-slide of 38.1% relative to January 2016. This month the number of months supply of housing units on the market had a slump of 26%, with 2.2 months supply total. This month in Sherman units for sale on the market reached 103 total, a down-slide of 20.2%. This month days on market until sale in Sherman experienced a down-slide of 36.3% from the same point in time last year, with 45 days total. In Sherman the total percent of original list price received in January 2017 reached 96.5 total, a climb of 5.7%. Year to date percent of list price received was 96.5 total, a growth of 5.7%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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