Sherman Housing Sales For November 2016 Down 2.7%

November 2016 Real Estate Market Summary for Sherman, TX (MLS Area 37)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 37 36 -2.7 471 506 7.4
Closed Sales (Projected) 37 40 9.3 471 510 8.4
Listings Under Contract 39 45 15.4 488 524 7.4
Average Sales Price $135,092 $168,070 24.4 $143,268 $158,940 10.9
Median Sales Price $113,500 $156,500 37.9 $130,000 $147,900 13.8
Percent of Original Price Received 92.7 94.9 2.3 94.5 94.3 -0.3
Days on Market Until Sale 47 50 7.1 53 54 1.5
Inventory of Homes for Sale 139 121 -12.9
Months Supply of Inventory 3.3 2.7 -18.5

In Sherman this month the number of home sales was 36 total, a slump of 2.7% relative to last year. Year to date there were 506 housing sales in Sherman, which was a climb of 7.4% compared to November last year. This month there were 40 projected residential properties sold, and this was a growth of 9.3%. In Sherman there was a climb of 8.4% in the number of projected residential property sales year to date. There were 510 projected residential property sales this year. This month there were 58 new home listings in Sherman, which was a growth of 107.1%. There were 628 new units for sale in the market year to date, and this was a rise of 4%. The number of contract listings this month in Sherman rose 15.4% from November 2015, with 45 contract listings total this month. In Sherman there were 524 homes listed under contract year to date, and this was a hike of 7.4% in contrast to last year. Approximate months supply of houses on the market this month reached 2.7, a fall of 18.5%. The number of residential properties for sale in the market this month was 121, a slump of 12.9%. This month in Sherman days on market until sale reached 50, an increase of 7.1% from November last year. This month percent of asking price received was at 94.9, a hike of 2.3%. In Sherman percent of list price received year to date reached 94.3 total, a fall of 0.3%.

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Sherman Texas Real Estate November 2016

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