Sherman-Denison housing values rise 5.5 percent in 2015Sherman-Denison housing values rise 5.5 percent in 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=120252016-02-05T06:00:00Z2016-02-05T20:30:00Z

​​SHERMAN-DENISON - Home sales in Texas reached an all-time high of 309,000 in 2015, with prices rising about 5.5 percent across the state, according to a quarterly report from the Texas Association of Realtors.

The report found that single family home sales in the Sherman-Denison area increased 9.7 percent over fourth quarter 2014. With the increase in sales, the number of active listings decreased by 14.2 percent and the days on the market decreased by 21 days over that same span of time.

With the reduction in houses on the market, the housing inventory has also dropped to 3.9 months worth of homes if no more listings were added.

Beyond single-family homes, there is also a high demand for multi-resident housing, with 96 percent of Sherman’s apartment units occupied.

Some of the demand stems from job growth in areas north of Dallas. Workers from these employers are looking for quiet areas to settle down while still having access to the DFW Metroplex.

With growth expected to continue, including construction on three subdivisions in Denison’s Gateway Village this year, demand should continue through 2016 until these and other developments start to provide new homes on the market. From there, demand and supply should even out in 2017.

Herald Democrat

​Be sure to check out page 23 of the Texas Association of Realtors report to see more data on Sherman-Denison! Also visit Sherman-Denison Market Research for more free reports.

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