Sherman, Texas Home Values report for December 2014

In total for this year, home sales went up 10% relative to the same period last year, with 415 houses sold. In December 2014, there were 35 homes sold in Sherman, a 9% increase from the previous month.

In December of this year, the number of new real estate listings in Sherman climbed 13%, with 27 houses listed in December 2014. New housing listings year-to-date rose 3% compared to the same month last year, with 415 homes sold during 2014. Listings under contract this December in Sherman grew 67%, with 25 properties currently listed under contract. Listed houses under contract so far this year rose 13% relative to the same month last year, with 465 homes sold so far this year. The average price for a house this month in Sherman increased 0% . Cumulatively this year, the average price for a home was about $132,420, which is a 8% rise from last year.

Buyers got 91% of their original price this month, a 0% growth from last month. In total for this year, the percentage of asking price received climbed 1% compared to the same period last year, with percentage of original list prices received at 93%. The days on market until sale this December in Sherman climbed 47%, at 114 days on market until sale. So far this year, properties spent an average of 86 days in the market until sold, which is a 4% drop compared to the same month last year. This month, the current supply of active listings on the market for houses in Sherman was 137 houses, a 23% decrease from a month ago.There was a 3.6 month supply of homes this December. The month supply of homes this month in Sherman dipped 30%.

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 2014.

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.

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Sherman Texas Real Estate December 2014


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