New Home Closings Rise in Sherman According to Freshest Data
Posted on: May 06, 2013 07:34:12 AM
In February, there was an increase in closings of new homes in the Sherman, TX market year-over-year, but the increase was less than January 2013. New home closings moved from none a year earlier to six after the figure moved from two in January 2012 to four in January 2013.
A total of 33 new homes were sold during the 12 months that ended in February, up from 27 for the year that ended in January.
Following a year-over-year increase in January, closings of new and existing homes also jumped year-over-year in February.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to rise in February from a year earlier and remained a burden on the market. Foreclosures and REO closings, taken together, accounted for 66.8% of existing home closings, up from 40.5% a year earlier. The percentage of existing home closings involving foreclosures rose to 54.0% in February from 26.0% a year earlier while REO closings as a percentage of existing home closings declined to 12.8% from 14.4% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Sherman, TX area.
New Home Closings Rise in Sherman According to Freshest Data
Posted on: May 06, 2013 07:34:12 AM
In February, there was an increase in closings of new homes in the Sherman, TX market year-over-year, but the increase was less than January 2013. New home closings moved from none a year earlier to six after the figure moved from two in January 2012 to four in January 2013.
A total of 33 new homes were sold during the 12 months that ended in February, up from 27 for the year that ended in January.
Following a year-over-year increase in January, closings of new and existing homes also jumped year-over-year in February.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to rise in February from a year earlier and remained a burden on the market. Foreclosures and REO closings, taken together, accounted for 66.8% of existing home closings, up from 40.5% a year earlier. The percentage of existing home closings involving foreclosures rose to 54.0% in February from 26.0% a year earlier while REO closings as a percentage of existing home closings declined to 12.8% from 14.4% a year earlier.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Sherman, TX area.
Source: Housing Intelligence