Tyler housing sales skyrocket Tyler housing sales skyrocket https://www.recenter.tamu.edu/news/newstalk-texas/?Item=65612013-08-20T12:46:00Z2013-08-20T00:00:00Z

TYLER - Area home sales increased by 14.6 percent in July 2013 compared with July 2012, the biggest surge for the area in six months, according to the Greater Tyler Association of Realtors (GTAR).

There were 369 homes sold in July 2013, while only 322 units sold in July 2012. July 2013 sales also experienced a 10.15 percent spike from June 2013, when 335 houses sold in the area.

Properties that are the most “move-in ready” and priced slightly below the competition are selling 95 percent to 99 percent of listing price, said Andrea Lynch, realtor with Rose Capital Realty.

The July 2013 median home price was $152,000, an uptick of 1.37 percent from July 2012, when the median price was $149,950. However, July 2013 prices were a 3.18 percent decrease from the $157,000 median home price seen in June 2013.

The Tyler area’s home inventory stood at 10.8 months in June 2013, according to the Real Estate Center at Texas A&M University. That figure is up from May 2013, when it stood at 10.7 months.

Residential Units Closed
  2012 2013
Jan. 169 197
Feb. 225 227
Mar. 271 298
Apr. 253 289
May 289 326
June 302 335
July 322 369

Read more at the Tyler Morning Telegraph and the Greater Tyler Association of Realtors.

Tyler Morning Telegraph
http://www.tylerpaper.com/tp-news+local/184234/tylerarea-home-sales-jump-almost-15-percentRead more at {Source}

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