The new year has seen a renewed demand for area real estate. This welcomed demand is starting to translate into rising new home prices. January early-bird home buyers already benefit from lower prices and more incentives than February buyers. But, the year is young, so it is hard to predict what 2024 will record at year’s end. If rates ratchet lower, increased activity from 2023’s pent-up demand should translate into increased housing market activity. As of now, all eyes are on the FED.
As it stands now, the North Texas Real Estate Information System (NTREIS) shows Sherman, Texas, has experienced a 20.8% gain in prices from January 2023 to January 2024, followed by Grayson County at 11.1%, followed by the Entire MLS at 2.8%, followed by Collin County at -4.7%. Housing demand will rise even more as Sherman’s tech manufacturers begin to staff its new production facilities. Even with the strong gain, Sherman’s home prices, on average, are almost half the cost paid in Collin County.
Here’s a cool example of a new home in the country, on 1 acre, on the outskirts of Sherman.
Sherman Home Rebate / Askins Realty Group, LLC (ARG) is a leader in competitively priced real estate services that help you retain more home equity. Unlike “Move-First” offers, which take large amounts of your home’s equity for “buy-out” convenience, ARG can offer better solutions to sell and buy while helping you keep more of your hard-earned home equity.
About the Data Graph
The sample is for one full year. The percentage increase compares the January 2023 median price to the January 2024 median price.
View Grayson County Home Value Blog for Denison, Van Alstyne, Howe and Sherman.
