The Tye market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at zero. The median sales price remained unchanged over the latest reporting period for Tye, coming in at $49,500. There are only two months of inventory available in Tye, so it's a strong seller's market, even if sales are flat.
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Tye is an average-sized city in Texas with 1,242 residents. Also, it has seen a 6.9% increase in population over the last 10 years. The Tye market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The best school in the city is Tye Elementary School.
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The Tye market saw zero homes go under contract and failed to break out of a solid downward trend. Despite that, total home sales rose to one over the last 30 days. With only two months of inventory and rising sales, Tye is a definite seller's market.
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No deals were completed in the Tye market over the last 30 days. Tye usually averages 0.5 sales per month.
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Sellers in Tye weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Tye usually averages 0.5 sales per month.
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With a determined downward trend of new sellers listing homes, including zero over the last 30 days, and sales that remained flat at one in that same time frame, the Tye market will be slowing. As new listings trended lower, the median sales price climbed for the homes that have sold, trending upwards for four weeks to reach $74,900. In spite of the decrease in sales, the lack of inventory signals that Tye is still a solid seller's market.
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Sales in the Tye market remained flat at one home sold over the last 30 days, while the number of sellers reducing their list prices reached zero, which continues a confirmed upward trend in price reductions. The median sales price remained unchanged over the latest reporting period for Tye, coming in at $74,900. In spite of flat sales, a low two months of inventory signals that Tye is a solid seller's market.
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Tye is a small city in Texas, and is somewhat affluent with a median income of $41,048 per household. It's older than the rest of the state, with a median age of 36. It should be noted that at 60.3%, most people own their homes in Tye. The top school in the city is Tye Elementary School.
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With one home sold in the Tye market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from. The median sales price in Tye stayed put this week at $74,900. In spite of flat sales, a low two months of inventory signals that Tye is a definite seller's market.
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Over the last 30 days, a new downward trend of new sellers coming into the Tye market continued, with zero listings in this week's report. Meanwhile, sales rose, with one home selling during the same period. As new listings coming into the market trended lower, the median sales price for the homes that have sold increased, hitting a six-month high at $74,900.
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