Tyler area home sales hold steady with 2011 figures

TYLER – November home sales in the Tyler area remained steady compared to the same time last year.

In November, 210 homes were sold, a 0.962 percent increase from the 208 units sold in November 2011, according the Greater Tyler Association of Realtors.

Last month’s home sales were a 27.34 percent decline from the 289 units sold in October 2012.

The Tyler area’s median home price for November was $143,500, a 4.3 percent slump from the median price of $149,950 in November 2011, and a 5.59 percent jump from $135,900 in October 2012.

In November, the average time on the market was only 102 days, compared to 112 days the month before.

The Tyler area’s home inventory stood at 11.1 months in October, according to the Real Estate Center at Texas A&M University. In October 2011, inventory was at 13 months and was 11.6 months in September 2012.

Read more at the Tyler Morning Telegraph.