Pamela MadoreKeller Williams Realty A recent article written by Russell Anglin of the Amarillo Globe News has gathered statistics from different sources and has put together a pretty good summary of what is happening to houses that are selling and how that can also affect buyers. Amarillo has 765 sales in the first quarter of 2016 which broke the 10 year record with the exclusion of 2008 when we had the housing boom. The median house sale for 2015 to 2016 is up 6% from 141 750 to 150 000. Median price is not the average price. Median house sales is that the same amount of houses sold in 2015 below 141 750 and the same above 141 750. In 2016 the number was 150 000 What does that mean to you as a seller Priced right your house will sell very quickly. If you are looking for a bigger house in a high price range that also works because the interest rates are so low that you can buy a bigger house with the same payment. For buyers because of low interest rates and programs like the SETH programs first time home buyers should especially be taking advantage of this boom. Lenders have relaxed some of their underwriting guidelines which has make it easier to qualify. Several incidences have happened to me personally recently. A house that my clients were interested in have 5 offers in the first 12 hours. We didn t even have a chance to go look at it. I listed a house and the fist showing was 2 hours after I put it in the MLS. The third person that looked at it bought it. In two days. Want to sell your house fast Call me. We will get the job done for you. Pamela MadoreKeller Williams Realty3955 S. SoncyAmarillo TX 79119806-290-1920 pinkhouseteam
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