As the temperatures start to cool down in the Texas Panhandle it makes it the ideal time to explore the local real estate market. Here are some helpful tips and insights for both buyers and sellers in the area:
For Buyers
If you’re on the hunt for a new property, you’re in for a treat this fall. Take advantage of the slight lull in the market as the holiday season approaches and schedule viewings of properties that pique your interest. Consider exploring popular neighborhoods like Canyon or Puckett that boast impressive school districts and outdoor recreational opportunities. With a little patience and persistence, you may even find great deals on available properties that were previously out of your budget.
For Sellers
Fall is the perfect time to make your property stand out to prospective buyers. Take advantage of the vibrant autumn colors by sprucing up your property’s gardens with seasonal foliage. A few pumpkins or ornamental cabbages can make your front porch or patio more inviting. Be sure to highlight your home’s cozy interior by adding warm blankets, candles, and autumn-themed decor that showcase its charm and character. Remember, buyers are looking for a property that feels like a home, so the little touches can make all the difference.
Market Insights
The Texas Panhandle real estate market remains steady, with a balanced inventory of homes for sale. According to the latest report from the Texas A&M Real Estate Center, the median home price in the Amarillo Metropolitan Statistical Area (MSA) is hovering around $194,400, which represents a 3.7% year-over-year increase. The additional good news for sellers is that homes are spending less time on the market, with the average days on the market decreasing by 9.6% compared to last year. However, keep in mind that higher-end homes may still experience a slightly decreased demand.
Final Thoughts
Whether you’re buying or selling a home in the Texas Panhandle, fall is a fantastic time to enter the real estate market. With a bit of preparation, creativity, and expert guidance, buyers can join the many happy homeowners in the area, while sellers can showcase their homes’ best features and secure a favorable deal.
We hope you found these tips and insights helpful. If you’re looking for more personalized guidance on navigating the local market, our team of experienced real estate professionals is always here to help. Contact us today to learn more about our services. 806-414-5522
Have a wonderful fall season!