Amarillo real estate up almost 10 percent

AMARILLO – Homeowners looking to sell their house are in luck. First quarter 2013 is up almost 10 percent from last year, according to Amarillo Multiple Listing Service.

The residential real estate market in Amarillo is picking up, according to Karr Ingham, a Happy State Bank Economist.

The time that the houses are staying on the market before they sell is ticking downwards so it’s pointing to an improving market for the seller, according to Ingham.

Christy Chambers from Prudential Realtors credits the increase on Amarillo’s economy and low interest rates. She said the average home in Amarillo stays on the market for about 100 days with the average house selling for more than $152,000 just in 1Q 2013.

Read more at KVII-TV.