Tyler, TX home prices and housing market

In Tyler this June, buyers have quietly gained the upper hand. The typical home is worth about two hundred fifty-seven thousand dollars, down roughly 1.5 percent over the past year. That is a modest slide, but it points to a market that has cooled rather than heated. Right now there are about 732 homes for sale, and a fresh 212 came on in the past month, so supply is steady and buyers have real choices. Homes are taking their time too, with a median of fifty-eight days on the market before going under contract. And one in five listings, about 20 percent, has already cut its price. Put that together and the message is clear. Buyers are not in a hurry, and sellers who reach for the moon end up sitting and then trimming. If you are thinking of selling in Tyler, price it right from day one. In this market, a sharp asking price beats a hopeful one that turns into a cut later.