Sherman, TX - Local Housing Data - Summary

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Sherman, Denison, TX

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Sherman, TX Local News

New Home Sales Increase in Sherman, Prices Drop According to Latest Data

Posted on: Apr 06, 2014 07:39:53 AM

There was a rise in new home closings in the Sherman, TX market in January year-over-year, but the increase was less than December 2013. New home closings moved from 4 a year earlier to 5 after the figure moved from 2 in December 2012 to 5 in December 2013.

A total of 67 new homes were sold during the 12 months that ended in January, up from 66 for the year that ended in December.

5 of the 181 total closings were new home closings, a shift on a percentage basis from 4 out of 193 a year earlier. Following a year-over-year decline in December, closings of new and existing homes also declined year-over-year in January.

Pricing and Mortgage Trends

The average value of newly sold homes in January 2014 was $187,405, down from last year's $209,826. This came after a more than twofold boost in December year-over-year.

Average mortgage size on new homes fell from $167,861 to $165,258. Average mortgage size on new homes went from $100,204 in December 2012 to $212,091 in December 2013.

 
 
 

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