6.78% more homes sold in 4th quarter 2013 as the same quarter in 2012.  The median price was $172,600, up 8.48% from the years before.  The average price is up 8.88% to $226,216.  This is data collected by the Texas Association of Realtors and commented on by Dr. Jim Gaines at the TX A&M Real Estate Center.  These increases are consistent throughout the state.  This high demand continued to contribute to a shrinking inventory.  The statewide inventory of homes decreased to 3.6 months from a well balanced market of 6.5 months.  TYLER AND EAST TX ARE STILL HIGHER THAN THE STATE AVERAGE. ” The shortage of inventory could inhibit sales volumes.  With interest rates still down, buyers should continue to expect to compete for desirable properties”.