Housing sales soar in Tyler

TYLER – Home sales soared last month, coming in at the second highest for January in the Tyler area’s history.

There were 197 homes sold last month, a 16.57 percent spike from the same time a year ago, according to figures released by the Greater Tyler Association of Realtors.

The only January that beat it was January 2007, when 200 houses were sold, Real Estate Center at Texas A&M University records show.

The median home price for January was $128,000, an increase of 2.4 percent from the same time last year, when the median price was $125,000. The Tyler area’s home inventory stood at ten months in January, according to the latest figures available from the Center. That is down from 11.7 months a year ago.

Read more at the Tyler Morning Telegraph.