Home sales in Tyler area hit record year in 2013

Home sales in Tyler area hit record year in 2013

Tyler (KYTX) -- If you put your home up for sale last year, chances are it didn't cause you many sleepless nights. That's because 2013 set records in the Tyler area for home sales.

Realtor Jason Gregory can't complain, it wasn't just a good year, but a great one. 

"I don't want to say it peaked, but I would say it hit an all-time high in the last 6 or 7 years last year," Gregory, of Gregory Realtors, said.

He's also President of the Greater Tyler Association of Realtors this year, and talks about what made the difference in this market.

"I attribute it to the overall economy as a lot better. Texas in general was better than the rest of the United States. I attribute that to the oil and gas industry we have around here, the medical industry we have around here," Gregory said.

According to figures by GTAR, 3,685 homes were sold in Tyler last year and with higher sticker prices than before.

"The median price on the average home was $157,000, and it's up to $166,000" Gregory said.

He says with interest rates pretty low, it was a market both for buyers as well as sellers.

"Sellers are setting a good price on their homes and they are getting it, and interest rates are still good so people are actually out buying homes and putting anywhere from 10 to 20 percent down. They are buying homes right," Gregory said.

Gregory says families have wanted to move into particular school zones for their children, so areas around newer schools like Jack and Andy Woods Elementary tended to be hot in 2013.


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