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Smith County breaks home sales record; demand outpacing supplySmith County breaks home sales record; demand outpacing supplyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=158992017-02-23T06:00:00Z2017-02-23T22:45:00Z

SMITH COUNTY – In 2016, a record number of Smith County homes sold. A total of 2,539 home sales closed, compared to 2015’s 2,492 (that was also a record year).

The average price was more than 4 percent higher than last year. 

The average sales price for 2016 was $208,329, compared to 2015’s average of $199,568.

That’s true of the median sales price, as well. The median sales price for 2016 was $175,000, up 4.48 percent over 2015’s $167,500.​

There's a lot of pent-up demand, and that could mean a real increase in pricing. 

That's not something that would happen quickly, but it's something that could happen toward the end of 2017.​
Tyler Morning Telegraph
Tyler
Housing
http://www.tylerpaper.com/TP-Business/272778/smith-county-home-sales-break-record-but-supply-outpacing-demand

​Want m​ore data? See Tyler Housing Market Research. 

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