Sherman Home Sales For February 2016 Are Lower 2.9%

February 2016 Real Estate Market Summary for Sherman, TX (MLS Area 37)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 34 33 -2.9 61 66 8.2
Closed Sales (Projected) 34 37 9.1 61 70 14.9
Listings Under Contract 43 48 11.6 77 91 18.2
Average Sales Price $109,633 $137,640 25.5 $118,543 $144,032 21.5
Median Sales Price $99,900 $112,000 12.1 $104,000 $136,501 31.3
Percent of Original Price Received 93.2 91.8 -1.4 93.7 92.1 -1.7
Days on Market Until Sale 85 81 -4.8 74 74 -0.6
Inventory of Homes for Sale 127 115 -9.4
Months Supply of Inventory 3.2 2.7 -17.0

In February 2016 residential housing sales in Sherman was 33 total, a drop of 2.9% relative to February last year. Year to date there was a climb of 8.2% in the number of residential housing sales recorded relative to last year. There were 66 residential housing sales recorded total this year. In February 2016 projected housing sales in Sherman experienced an increase of 9.1%, with 37 projected total. Year to date there was a climb of 14.9% in the number of projected housing sales. There were 70 projected housing sales total this year. In February 2016 the number of newly listed homes in the market was higher 20.9%, with 52 newly listed homes in the market total this month. Year to date new residential property listings in the market was 103 total, a rise of 33.8%. In Sherman this month the number of listings under contract was higher 11.6% in contrast to February 2015, with 48 listings under contract total this month. Year to date in Sherman the number of contract listings saw a rise of 18.2% in contrast to 2015, with 91 under a contract total this year. In Sherman there were 2.7 approximate months supply of homes on the market this month, which was a fall of 17%. This month there was a fall of 9.4% in the number of houses for sale. There were 115 houses for sale total this month. In Sherman there was a down-slide of 4.8% in days on market until sale in February 2016 from last year. There were 81 days on market until sale total this month. In Sherman percent of original list price received in February 2016 saw a slump of 1.4%, with 91.8 percent of original list price received this month. Year to date percent of list price received saw a decrease of 1.7%, with 92.1 percent of list price received total this year.

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Sherman Texas Real Estate February 2016

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