Sherman home sales were up 22% in December 2013

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Sherman home sales were up 22% in December 2013 compared to the same month last year with 33 homes selling this month. So far this year, there have been 410 home sales, which is an increase of 25% from last year.

New real estate listings in the Sherman area have increased 25% , with 24 homes listed this month, compared to the same period last year. So far this year, overall home listings have increased 5%, with 618 homes listed. The number of listings under contract increased 44% this month, with 15 homes contracted. The number of listings under contract for the year to date increased 24%, with 409 homes under contract. The current supply of active listings on the market this month was 175 homes, a 19% increase from the same month last year. There was a 5.1 month supply of homes on the market, which is a 36% increase from last year.

The average sales price of a home in the Sherman area this month was $134,364, up 25% from this month last year. For the year 2013, the average sales price was up 12%, at $123,548. On average, sellers have received 89% of their asking price this month, which is an increase of 0% from last year. For the year to date, sellers received 93% of their asking price, a change of 1%. This month, homes spent an average of 75 days on the market until sold, which represents an increase of 35% from last year. For the year to date, the average number of days on the market was 90 , an increase of 10%.

Sherman real estate information, known as MLS Area 37, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of December 2013.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from the Sherman Home Values Report. Search Sherman Texas homes, foreclosures, and short sales to find homes in Sherman. Research current Sherman home values at Sherman Home Values. This service is FREE and available without any obligation from DFWTeamRealty.com.

Sherman Texas Real Estate December 2013

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