The month of July saw a slight down turn in the Amarillo Real Estate Market. Units sold were at 267 which was down 59 units from June. The average sold price was down $4,530 from June and rested at $139,890. New listings were up in July by 36 units leaving the inventory level for Amarillo at the end of July at 7.9 months. That number is up 1.53 months from June inventory but down .01 months from May. The total sold volume for July was $36.65 Million which was considerably lower than the $46.79 Million we saw in June but yet July's numbers made for the 3rd best month in dollar volume sold since September 2008. The 2009 year to date total volume sold for Amarillo sits at.....drum roll......$235,622,572
Judging from the activity in Prudential Ada Realtors office where I work, August is off to a strong start. With the recent positive news about Amarillo and the continued growth and economic development in the area, Amarillo is looking forward to a strong finish for 2009.