Pink House Team
Keller Williams Realty
806-340-7630
WHEN WILL MY AMARILLO HOUSE SELL?
There is no one answer to that question. There are many things to take into consideration but one of the things that can point us to how long it may take, is to look at market statistics. In this case we are looking at a Residential Inventory And Sales Report for Potter and Randall Counties through 12/31/2013.
If you look at the overall chart, you can see that we have only 4.2 months of inventory at the moment. A balanced market is generally considered to be 6 months of inventory. Above that it is a "buyer's market" and below that we are a "seller's market". You can, however, see that not all price ranges are considered a seller's market at this time. Take, for instance, houses priced between $300,000 and $349,999. There are currently 8.4 months of inventory. There are 59 houses for sale and only 7 a month selling.
Many say that we are in a seller's market and in many price ranges we are. We are getting multiple offers on the really good, priced right houses. That isn't happening in all price ranges, however.
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