HOME PRICES JUMP AS SALES INCREASE IN PRICE ………..
in both Tyler & Smith County. January 2010 saw a 7.5% increase in closings & a soaring 17.4% jump in mean prices. Smith County alone had an increase from78 closed in January 2009 to 91 closed
January 2010. Median prices jumped from $117,000 to $138,000 in the past year in Tyler. The $8,000 tax credit helped fuel this as the $6,500 credit + mortgage rates are still at a low of about
5.13% for a 30 year fixed loan. The Tyler market was among the nation’s highest when it came to an
INCREASE in HOME SEARCHES on REALTOR.COM. Tyler had a 74.2% increase in searches from
September 2008, with Austin at 91.4% & New Orleans & Las Vegas at 84.9%. Tyler has an 11 month
supply of homes on the market. Ideal is about 6.5 months.
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