Lubbock Recent Market Activity
Total homes for sale in June - 583 homes
(up 19.5% from May) Market is slowly stabilizing
Homes closed on in June - 635 homes
(up 2.5% from April)
Homes placed under contract in June - 650 homes
(up 4.5% from April)
Average sold price per sq ft - $107/sqft
Avg. Days On Market - 21
Avg. Days to Close - 34
Takeaway:
It is still a GREAT time to sell, sellers are getting a great return on their investments ad on average still getting 1% over what they are asking.
On the other hand, Inventory is slowing rising which is great for buyers as they will have more to choose from and less competition per home.
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