Local housing market up for 2013 - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Local housing market up for 2013

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Amarillo is experiencing an upswing in this year's housing market and local real estate agents are saying now is a great time to buy and sell.

The Texas Association of Realtors released the latest housing market numbers on Wednesday. Reports show the housing market in Amarillo is up nearly 10 percent, compared to last year.

Gary Papay, from Century 21 in Amarillo, credits the increase to the stabilizing economy and strong job market in Amarillo. Record low interest rates are also a contributing factor.

Papay says the majority of sales will be in the upcoming months. He says listing your house now is a smart idea because many families move during the summer, when children aren't in school.

Colleen Nelson, NewsChannel 10.