JULY HOME SALES UP 9% in GREATER TYLER

from same period last year.   July 2011 saw 278 homes sold as compared to 255 July 2010.  Last month’s sales were down 11% from 313 sold in June.  A bit of good news is great after the interesting week in the stock market.  These figures are from the Greater Tyler Association of Realtors.  Real estate is LOCAL.  The median price also increased 3.6% to $139,800.  Means all sectors are selling.  The Tyler area’s home inventory stook at 14.6 months or down from l4.9 in May.  The best news might just be the average days on the market fell to 98 days.  First time in 18 months this has happened.  Smith County had 38 new foreclosures in July, according to RealtyTrac.  Texas’ overall inventory is 7.6 months in June compared to 8.2 months earlier.