Wow! Things have changed a lot for the real estate market here in Lubbock over the last few months. If you’re wondering how the market is now, check out the link below.
One of the primary indicators of how a market is performing is the month’s supply of inventory. A few months ago it was averaging between 7-8 months supply which indicates a buyer’s market. Anything under 6 months supply is a seller’s market. For August there were 4.5 months supply which means it’s shifted to a seller’s market in most price ranges.
The real estate market is constantly changing and can change quickly. Also, the real estate market is local so what’s happening in California or somewhere else in the nation may not be what’s going on here. Don’t let the national headlines fool you!
When you need up-to-date local information, or know of anyone considering buying or selling real estate – CALL ME and I’d love the opportunity to earn your business. If you’d like to search for all homes listed on the MLS, go to: www.gregbrownd.com
Keller Williams Realty