TX EXISTING HOMES SALES, PRICES DOWN IN OCTOBER ………..
December 4th, 2008
Only part of that applies to the Tyler area. From October 2007 to October 2008 the medium price
of homes ROSE from $125,000 to $136,650 or about 9%. Unfortunately residential sales closed
DROPPED from 267 in 2007 to 212 in 2008 or DOWN 22.3%. Tyler’s home inventory at 10.7
months on the market is one of the highest in TX. Nationally the median sales price is $183,300 or
down 11.3% from ayear earlier & inventory was at 10.2 months (about like Tyler’s).
Dallas & Charlotte, NC posted as 2 of the best-performing markets in the country, but they are
still down 2.7 % in Dallas & 3.5%.
In spite of these figures, Texas is STILL A GOOD BUYER for folks.
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