Housing Inventory is still low for lower priced homes in Amarillo and Canyon. Months of inventory that is less than 5 months is considered a Seller's market. Months of inventory between 5 and 7 months is considered neutral market and above 8 months is considered a buyer's market.
Single Family Unit Sales Amarillo Area | ||||
3/6/07 to 3/6/08 | ||||
Price Class | Total | Active Listings | Pending Sales | Months of Inventory |
$29999.99 and under | 72 | 18 | 5 | 3.0 |
$30000-$39999.99 | 69 | 16 | 13 | 2.8 |
$40000-$49999.99 | 99 | 25 | 9 | 3.0 |
$50000-$59999.99 | 125 | 43 | 8 | 4.1 |
$60000-$69999.99 | 160 | 48 | 15 | 3.6 |
$70000-$79999.99 | 202 | 46 | 17 | 2.7 |
$80000-$89999.99 | 202 | 52 | 9 | 3.1 |
$90000-$99999.99 | 176 | 57 | 16 | 3.9 |
$100000-$119999.99 | 321 | 97 | 29 | 3.6 |
$120000-$139999.99 | 357 | 139 | 31 | 4.7 |
$140000-$159999.99 | 289 | 126 | 18 | 5.2 |
$160000-$179999.99 | 191 | 96 | 21 | 6.0 |
$180000-$199999.99 | 174 | 83 | 13 | 5.7 |
$200000-$249999.99 | 254 | 136 | 22 | 6.4 |
$250000-$299999.99 | 134 | 95 | 18 | 8.5 |
$300000-$399999.99 | 109 | 75 | 13 | 8.3 |
$400000-$499999.99 | 33 | 38 | 3 | 13.8 |
$500000 and over | 38 | 37 | 6 | 11.7 |
***Totals*** | 3005 | 1227 | 266 | |
***Average*** | 144,031 | 193,089 | 62,111 | 5.6 |
***Median*** | 123,500 | 153,000 | 19,900 | 4.4 |
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