Sherman, Texas Home Values report for November 2014

Homes sold in Sherman declined 14% during November, with 29 houses sold during November. So far this year, home sales went up 10% compared to the same month last year, with 380 homes sold.

New housing properties listed in November of this year in Sherman dropped 15%, with 40 houses listed this November. So far this year, new real estate listings are at 609 in all, which is a 2% increase compared to the same month last year. Year-to-date, listed homes under contract are at 442 total, which is a 12% gain from a year ago. The number of listed homes under contract in Sherman dipped 9%, with 39 properties currently listed under contract this November. Cumulatively this year, the average price for a home for homes in Sherman was about $132,358, which is a 8% upturn compared to the same period last year. This November, the average price for a home for houses in Sherman was approximately $131,485, which is a 28% gain from last month.

So far this year, the percent of original list price received gained 1% compared to the same month last year, with percent of original list price received at 92.6%. During November, buyers got 92.5% of their list price, a 0% surge from the previous month. Cumulatively this year, the number of days on market until sale was approximately 83 days, which is a 8% dip compared to the same period last year. On average, homes spent 75 days in the market until sold, a 35% drop from a month ago. The month supply of houses in Sherman dipped 25%, with a 4.1 month supply of homes on the market.

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 November 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 November 2014

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