It's always one of the toughest questions to answer. When is the right time to put my house on the market?

It can be an even tougher question to ask when is the right time to buy a home? Well, we have a little bit of insight as to whether or not right now is the time to do either in Amarillo.

Now, when you put your home on the market, it means you've got to buy a new home, right? So sure, you're going to get top dollar for your home, but you're also going to pay top dollar. Not every city or state has the same housing market though.

Maybe you're moving to a different city or state where it's reversed. You're getting top dollar for selling because the city you live in is booming and full of people wanting to move there, but you're moving to a slower city and the price to buy is too good to pass up.

Right now, Amarillo is kind of in the middle of that. According to a study recently done by Coldwell Banker, housing sales in the Amarillo market have gone down by around 500 sales since December of 2021. Normally that would indicate housing prices would be down and it could be a great time to buy.

However, the median price for a home in Amarillo is still at a historic high, so buying hasn't exactly been the right thing to do either. Houses are sitting on the market longer because of this, making it a bit of a headache trying to decide whether to sell or buy a home in the city right now.

Now to make things even stranger, because Amarillo has a strong employment market right now, more and more people are moving to the city. That would lean Amarillo towards being in a bit of a seller's market right now, but with higher interest rates and the aforementioned high home prices, those buyers are a bit hesitant.

So we really don't know if it's the perfect time to buy or sell right now...and that's just irritating.

1009 S Girl Scout Rd, Amarillo, TX

This gorgeous residential home is listed with Triangle Realty, LLC and has an asking price of $1,375,000. It's incredible location is sure to take your breath away.

You can view the original listing here.

LOOK: $3.6 Million Luxury Home in Amarillo, Texas

This decadent home is up for sale with a listing price of $3.6 million. Located at This 9,000 square foot home has 5 bedrooms and 6 bathrooms and has an array of incredible luxury amenities throughout the home.

The home is located at 1907 Club View Dr, Amarillo, Texas and is listed with Triangle Realty, LLC

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