Amarillo, TX housing market

Here's the most interesting number in Amarillo this month: the gap. Sellers are listing at a median of about two hundred twenty-five thousand dollars, while the typical home in town is worth about one hundred seventy-five thousand dollars. That value is up 3 percent over the past year, so this is not a market losing ground. It's one where sellers aim high and, for the most part, get away with it. Only about one in seven listings has taken a price cut, which tells you most homes are finding buyers without needing a discount. Homes are selling in about 44 days, a normal, unhurried pace. There are around 640 homes for sale, with about 340 new listings hitting the market this month, so buyers have options but the market isn't flooded. If you're thinking of selling, the message is simple. Values are climbing and buyers are active. But that roughly fifty thousand dollars gap between asking prices and typical values says buyers are also selective. Price on what your home is actually worth, not on the listing next door, and you'll be the one who sells in about six weeks instead of sitting.