Sherman Residential Home Sales For January 2017 Are Higher 8.8%

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

In Sherman this month reported properties sold had an improvement of 8.8% from last year, with 37 sold total. Year to date there was a rise of 8.8% in the number of properties sold in Sherman relative to last year. There were 37 properties sold this year. In Sherman in January 2017 projected real estate sales saw an improvement of 22.3%, with 42 projected total. Year to date in Sherman projected houses sold climbed 22.3%, with 42 projected houses sold total this year with the best services installed and prepared Electrical Repair in case of failures. New properties in the market this month was lower 31.4%, with 35 new properties in the market this month. In Sherman year to date the number of new home listings in the market was 35 total, a decline of 31.4%. This month there were 26 listings under contract in Sherman, which was a decline of 38.1% from last year. Year to date in Sherman the number of listings under contract had a drop of 38.1% in contrast to January last year, with 26 listed under a contract total this year. Approximate months supply of home inventory in Sherman this month saw a dip of 26%, with 2.2 approximate months supply of home inventory total this month. In January 2017 there were 103 houses for sale, which was a decline of 20.2%. In January 2017 days on market until sale in Sherman showed a dip of 36.3% from last year, with 45 days total. Percent of asking price received in January 2017 was up 5.7%, with 96.5 percent of asking price received total this month. Percent of original list price received year to date saw an improvement of 5.7%, with 96.5 percent of original list price received this year.

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Sherman Texas Real Estate January 2017

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