JANUARY - DECEMBER 2009
2008 2009 % Change
Closed sales 2870 2650 < 7.6%>
Sales Volume $403,962,376 $373,253,919 < 7.7%>
Ave Sales Price $142,841 $141,976 <0.1%>
Homes for Sale 1405 1261 <10.3%>
The above figures were compiled by Prudential Ada, REALTORS using Amarillo Association of REALTORS MLS data.
As expected, home sales fell in 2009 as a result of declining economic conditions, changing mortgage loan requirements and higher levels of unemployment.
Favorable factors influencing home sales include Federal tax credits for first-time homebuyers and repeat buyer having owned their homes for 5 years. Lower mortgage rates have enhanced affordability and national economic factors appear to be improving.
Looks like a bright 2010 Ahead! NOW is a fantastic time to purchase a home with super low interest rates, the federal stimulus money available until April 30, 2010, and the Market being on the bottom of the curve. Great time to make a strong equity purchase!
Call me when you are ready, lets grab some coffee and talk about your next home!