Homes are selling fast in Amarillo according to local realtors showing that now is the perfect time to buy a house.
â??The timing is phenomenal,â?? said Prudential Realtor, Ken McCormick. â??Interest rates are at an all-time low so itâ??s a great time to buy a house.â??
Houses are spending less days on the market said McCormick. Homes stay on the market for an average of 99 days which is faster than usual.
Not only are low interest rates said to be the reason for it being a sellerâ??s market, but also residentâ??s thoughts about the market.
â??I think peopleâ??s attitude about our market is much better,â??said another Prudential Realtor, Sue Lawrence. â??People have much more of a positive feel about the market and about their jobs, about the city.â??
In the 2013 Parade of Homes, 34 homes were sold within the two weeks span.
â??Itâ??s a great time of the year for buying a home and selling a home,â?? said Executive Officer of the Texas Panhandle Builders Association, Lew Bradshaw. â??Our timing has worked out very well for this time of the year.â??
The selling of homes not only benefits realtors in our area, but the numerous companies that it takes to put a home together.
â??That does not include remodeling jobs that are coming, the new flooring contracts that will go out, new counter tops and paint jobs,â?? said Bradshaw. â??Itâ??s a tremendous impact on our economy in Amarillo so itâ??s a win win for everybody concerned.â??
For more information on the Texas Panhandle Builders Association, visit tpba.org
For more information on Prudential, visit sweethomeamarillo.com