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Market Update: Tyler, TX

Taking a look into the 4th quarter Real Estate Market Report for the Tyler, Texas, there is a consistently high demand for single-floor condominiums. This is good news for sellers looking to sell their luxury condos, as the best condominiums on the market are currently tending to sell very quickly. In addition, slightly lower inventory rates for this time of year create narrower options for those wishing to buy a property within the area. Most units are averaging a total of 60-90 days on the market before being sold to a prospective buyer.

Overall, The long term economy is predicted to be very strong. There has been a slight increase in current luxury home prices throughout the area of Tyler, Texas. An even mixture of local, cross-country and international buyers have been contributing to recent sales throughout the area. As Tyler is home to an entire community of trained medical professionals and top-notch medical facilities, medical staff and Physicians are relocating from across the globe and looking to purchase a home in the area.

Whether you’re buying or selling, the global marketplace for luxury real estate is always changing. We have analyzed the latest reports to keep you up to date on current market trends in your area. This week’s Luxury Market Update for Tyler, Texas has been provided by The Pamela Walters Group.

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Sources:

www.PamelaWalters.com

www.LuxuryHomes.com