Sherwood Real Estate Market Continues Downward Trend in Contracts

Sales rose in the Sherwood market to 47 homes sold over the last 30 days. But the market is also under a confirmed downward trend in the number of contracts closing, with this week's number falling to 42. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. However, as contracts trended lower, months of inventory also continued to fall, trending downwards for four weeks to one month. The rise in sales and low inventory point to Sherwood being a strong seller's market.

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Demographic facts for Sherwood:

  • The affordability rating here is 42. (Scale: 1 = Worst, 100 = Best)
  • This area usually gets 43.0 inches of rain each year. (U.S. average: 36.5)
  • The income per capita in this area is $28,216.
  • The school rating is 78. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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