The market in Lubbock Tx is pretty stable until you pass into the homes above $500,000 then we have a saturation of homes on the market and few buyers.

Look these over if you are thinking of buying or selling in the Lubbock, TX real estate market.  It is a great time to buy!

Currently 1695 properties listed for sale in Lubbock Multiple Listing ranging in price from:

$9,950 to $1,749,000.

Statistics for properties: October 2011:

(DOM= Days on Market)

(APR=Asking Price Received)

ACTIVE PROPERTIES: $9,950 to $150,000:  1074 properties/ average DOM= 101

SOLD:  136/average DOM=102/94.70% of APR/10 months to absorb current inventory

ACTIVE PROPERTIES: $150,001 to $300,000: 423 properties/average DOM= 103

SOLD:  59/average DOM= 113/97.45% of APR/7 months to absorb current inventory

ACTIVE PROPERTIES: $300,001 to $500,000: 109 properties/average DOM= 109

SOLD: 11/average DOM=82/97.54% of APR/9 months to absorb current inventory

ACTIVE PROPERTIES: $500,001 to $2,000,000: 89 properties/average DOM=143

SOLD: 2/average DOM=291/built in 2008=96.27% of APR and built in 2011/100% of APR/44.5 months to absorb current inventory.

For more information visit The Diamond Group at www.lubbocktxhomes4sale.com