Sherman Property Sales For December 2016 Are Up 20.5%

December 2016 Real Estate Market Summary for Sherman, TX (MLS Area 37)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 41 35 -14.6 645 663 2.8
Closed Sales (Reported) 39 47 20.5 510 555 8.8
Closed Sales (Projected) 39 53 35.4 510 561 10.0
Listings Under Contract 28 40 42.9 516 563 9.1
Average Sales Price $143,283 $164,634 14.9 $143,269 $159,282 11.2
Median Sales Price $120,000 $155,000 29.2 $129,000 $149,000 15.5
Percent of Original Price Received 88.4 96.8 9.5 94.1 94.5 0.5
Days on Market Until Sale 69 39 -43.2 54 52 -3.1
Inventory of Homes for Sale 135 104 -23.0
Months Supply of Inventory 3.2 2.2 -29.2

In Sherman the number of reported homes sold in December 2016 was higher 20.5% compared to the same period 2015, with 47 reported homes sold this month. Year to date real estate sales saw an uptick of 8.8% from December last year, with 555 sold total this year. In December 2016 there was a climb of 35.4% in the number of projected real estate sales. There were 53 projected real estate sales total this month. Year to date there were 561 projected homes sold in Sherman, which was a growth of 10%. New homes for sale in the market in Sherman this month showed a drop of 14.6%, with 35 newly listed total. New units in Sherman year to date experienced a rise of 2.8%, with 663 new on the market total this year. The number of listings under contract in Sherman in December 2016 increased 42.9% compared to 2015, with 40 listings under contract this month. In Sherman there were 563 homes listed under contract year to date, and this was a gain of 9.1% relative to 2015. This month the number of approximate months supply of homes on the market underwent a decrease of 29.2%, with 2.2 months supply total. In Sherman the number of houses for sale on the market in December 2016 showed a fall of 23%, with 104 listed total. In December 2016 days on market until sale was 39, a decline of 43.2% relative to December last year. In December 2016 the total percent of asking price received saw an uptick of 9.5%, with 96.8 percent total. Percent of original asking price received in Sherman year to date had a hike of 0.5%, with 94.5 percent total this year.

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Sherman Texas Real Estate December 2016

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