HAS IT BECOME A SELLER’S MARKET IN TEXAS?
The Texas housing market posted a 14% increase in sales volume with roughly a 6% increase in both median & average sales prices, according to the 2012 edition of the TEXAS QUARTERLY HOUSING REPORT. Median salesprices were $161,500 & now up 6.46%. Average sales prices have a similar increase to $208,515. This represents a shift to a seller’s market and data shows this is true of local real estate markets, although inventory needs to be down to about a 6 month inventory and Tyler’s is higher than that. In spite of this Tyler and East Texas are desired places to live, work and retire.