Demand for existing homes in Texas surged again the 2nd quarter 2013.  17.8% more sold as in the same quarter last year & the most sold in a single quarter since Texas Association of Realtors starting quarterly housing reports 4 years ago.  The surge was in 43 of 47 markets, including Tyler and Smith County.  The median price in the 2nd quarter was $177,300, up about 10% and the average price is now $235,075.  Nationally, home values are increasing at around 10%, but primarily these markets dropped more than in TX,  so with our 10% growth then a significant growth in our state.  The housing inventory is shrinking to statewide of  4 .1 months, but over $550,000 are taking longer in our area.  All of this according to Real Estate Center Research Economist Dr. Jim Gaines.  With inventory shrinking, t hen we can expect dramatic increases in price.  In some areas homes hardly get listed, then sold.