July 2025 Housing Market Update Including Amarillo

📈 July 2025 Texas Housing Market Update (Including Amarillo)

As of mid‑2025, the Texas housing market continues shifting toward equilibrium. Lower statewide sales and rising inventory have balanced buyer–seller dynamics. Here's how this plays out both statewide and locally in Amarillo.

🏞️ 1. Statewide Activity, Prices & Inventory

• Home sales slipped to around 70,944 closings in Q1 2025, marking a 1.5% year-over-year decline. Meanwhile, listings shot up by approximately 30.7%, giving buyers significantly more choice Texas REALTORS®.
• The median statewide price remained steady at $331,000, up just 0.3% from a year earlier Texas REALTORS®.
• Months of inventory reached about 4.8 months—reflected a balanced, more neutral market Texas REALTORS®.
• Mortgage rates stayed in the mid–6% to 7% range, which tempered buyer enthusiasm Texas Real Estate Research Center+6Texas Real Estate Research Center+6Texas Real Estate Research Center+6.

🛠️ 2. Construction & Outlook

• TRERC forecasts around 165,000 single-family building permits in 2025—up roughly 2.5% from a year prior.
• New-home construction is being added at record speed, and active inventory is climbing—indicating more supply coming online Texas Real Estate Research Center.

🌆 3. Spotlight: Amarillo Housing Market

Balanced, steady, and increasingly favorable for buyers in 2025.

• Market conditions in Amarillo remain balanced, with a tight but healthy vacancy rate near 1.8% Texas Real Estate Research Center+7HUD User+7https://www.newschannel10.com+7.
• As of June 2024, the area had a 4.0‑month supply of homes, compared to just 2.7 months a year earlier—a strong sign of growing inventory HUD User.
• Existing home sales fell ~8% to about 5,400 units in the year ending June 2024, and new home sales dropped ~22% to 560 units HUD User.
• June 2025 snapshot: Listings rose ~8.8% month-over-month to 1,223 homes, while sales dropped ~11% to 213 units Rocket.
• Homes with 3+ bedrooms grew by 9–10% in new listings YoY.

Key takeaway for Amarillo: A growing pool of inventory, stable population—and rising but modest prices—means buyers have more selection, while sellers still benefit from the area's limited vacancy and steady demand.

🤝 4. What This Means for You

Buyers

• Statewide & Amarillo: More homes available, rising inventory, and slower price growth. Amarillo's median home values remain attractive (historical average ~$140K for homeowner‑occupied homes Texas Real Estate Research Center+10https://www.newschannel10.com+10Amarillo EDC+10), making it an excellent entry point.
• Be prepared for mortgage rates in the mid–6% range, but with more options and less bidding pressure.

Sellers & Investors

• Amarillo: Strategic pricing crucial—listing above market may linger, while correctly priced homes sell.
• Across Texas: Emphasize the value of staging, competitive pricing, and local positioning to stand out amid rising competition.

Builders & Developers

• Permit growth means a healthy pipeline—but keep an eye on Amarillo's new‑home absorption rates, which have softened.
• Align projects with local demand, especially in Amarillo’s balanced market, to avoid oversupply.

🔗 Data Sources & Further Reading

• Texas Statewide Q1 2025 Housing Report – sales, prices, inventory Texas Real Estate Research Center+5Texas REALTORS®+5Texas Real Estate Research Center+5.
• Texas Housing Insight – March & January 2025 – analysis on inventory, mortgage rates, sales trends Texas Real Estate Research Center+1Texas Real Estate Research Center+1.
• 2025 Texas Real Estate Forecast – economic drivers, permit trends Texas Real Estate Research Center.
• Amarillo MSA Housing Activity – local MLS‑based stats Coldwell Banker Amarillo+4Texas Real Estate Research Center+4Texas Real Estate Research Center+4.
• Amarillo Q4 2024 Home Price Index – price movement context .
• Rocket.com – Jun 2025 Amarillo snapshot – current listings vs. sales Rocket.

🏡 In Summary

• Texas overall: shifting toward balance—more supply, flat prices, slower sales.
• Amarillo: Balanced local market with rising inventory, modest price gains, and steady demand.
• For buyers: More power and choices both statewide and in Amarillo.
• For sellers: Maintain strategic pricing and quality presentation.
• For developers: Targeted, demand-informed planning in Amarillo is critical to avoid overbuilding.

Interested in a hyper-local dive into Amarillo's zip codes or neighborhood trends? Let our brokerage team tailor insights just for you—whether you're buying, selling, or investing.