Sherman, Texas Home Values report for November 2015

This month, Sherman homes sold rose 42%, with 26 properties sold. Housing sales overall this year went up 12% compared to the same month last year, with 419 properties sold.

There were 28 new housing properties listed in November 2015, a 30% fall from a month ago. Cumulatively this year there, have been 602 new homes listed in all, which is a 1% rise relative to the same period last year. Listings under contract in Sherman increased 11% this month, with 40 properties currently listed under contract. Current listings under contract year-to-date rose 12% relative to the same month last year, with 491 houses sold. This month, the average home sales price for properties in Sherman was approximately $135,092, which is a 2% gain from the previous month. So far this year, the average selling price was about $141,056, which is a 7% gain from a year ago.

The percentage of asking price received by buyers in Sherman went up 0% this month, with buyers receiving 93% of their listed price. On average year-to-date, buyers sold their houses for 95% of their list price, which is a 2% gain relative to the same period last year. The days on market until sale this November in Sherman went down 26%, at 47 days on market until sale. Overall this year, houses have spent approximately 53 days in the market until sold, which is a 35% drop from last year. During November, the current supply of active listings on the market was 120 properties, a 29% decrease from last month.This month there was a 2.8 month supply of houses. The month supply of homes in November of this year in Sherman declined 36%.

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 2015.

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 2015


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