Sherman, TX - Newest New Home Sales Decline Year-Over-Year in February After Rising Year-Over-Year in January
Posted on: May 07, 2012 09:46:55 AM
In the Sherman, TX market in February, new home sales sank year-over-year, a decline following a rise in January 2012. New home sales moved from three a year earlier to none after the figure moved from one in January 2011 to two in January 2012.
A total of 31 new homes were sold during the 12 months that ended in February, down from 34 for the year that ended in January.
New home sales were none out of the 210 total sales, down on a percentage basis from three of 197 a year earlier. After dropping in January from a year earlier, sales of new and existing homes increased year-over-year in February.
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Other Market Trends
Foreclosures and real estate owned (REO) sales fell in February from a year earlier, but stayed a drag on the market. Foreclosures and REO sales, taken together, represented 41.0% of existing sales, lower than 57.2% a year earlier. The percentage of existing home sales involving foreclosures rose to 28.1% in February from 25.3% a year earlier while REO sales as a percentage of existing home sales declined to 12.9% from 32.0% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Sherman, TX - Newest New Home Sales Decline Year-Over-Year in February After Rising Year-Over-Year in January
Posted on: May 07, 2012 09:46:55 AM
In the Sherman, TX market in February, new home sales sank year-over-year, a decline following a rise in January 2012. New home sales moved from three a year earlier to none after the figure moved from one in January 2011 to two in January 2012.
A total of 31 new homes were sold during the 12 months that ended in February, down from 34 for the year that ended in January.
New home sales were none out of the 210 total sales, down on a percentage basis from three of 197 a year earlier. After dropping in January from a year earlier, sales of new and existing homes increased year-over-year in February.
Other Market Trends
Foreclosures and real estate owned (REO) sales fell in February from a year earlier, but stayed a drag on the market. Foreclosures and REO sales, taken together, represented 41.0% of existing sales, lower than 57.2% a year earlier. The percentage of existing home sales involving foreclosures rose to 28.1% in February from 25.3% a year earlier while REO sales as a percentage of existing home sales declined to 12.9% from 32.0% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence