TYLER-AREA HOME SALES UP 9.96% FROM LAST YEAR

“People are carryong on with life”, says Lorri Loggins, broker and President Greater Tyler Association of Realtors.  “With interest rates at historical lows, buyers are able to purchase more, hence the medial price increases.  Tyler is a great place to live”.  The median home price in March was $143,375, a 5.42% increase from the $136,000 median price home a year ago, but a trifle lower than the month before.  Home showings in homes above $500,000 have picked up as well as in the lower price ranges.  The Tyler area’s home inventory stood at 10.4 in March, which is a high inventory and everyone is hoping the pick-up in activity will move some of this inventory.   Properties closer to the city limits of Tyler and nearer the median price are moving quicker.   Still takes an average of 114 days to get a property sold.  There is also an increased interest in building custom homes + some builders are starting spec homes in the area.