Texas Association of Realtors reports Amarillo’s quarterly home sales

Texas Association of Realtors reports Amarillo’s quarterly home sales

AMARILLO, TX (KFDA) - The Texas Association of Realtors have reported Amarillo's home sales for the second quarter of 2018.

The report shows Amarillo home sales were up but prices were down.

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Amarillo home sales went up by 7.1 percent to 962 single-family home sales and median prices decreased by 3.8 percent to $163,500.

Statewide in Texas, the number of homes and their median prices continued to rise during the second quarter of 2018.

Chief economist with the Real Estate Center at Texas A&M University Jim Gaines said, "The demand for housing remains at an all-time high, but statewide we're seeing a slower rate of increase in sales compared to previous quarters due to the lack of inventory of properties for sale."

More information on statewide figures can be found here.

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