Buyers or a Sellers Market?

Is it a Buyers or a Sellers Market?

This is the question we are asked very frequently. Typically a buyers' market is when there are more than 7 months of listed inventory for sale. In other words, it would take more than 7 months at the current selling rate to sell all the listed real estate in a particular market. A sellers' market occurs when there is less than 5 months of inventory. Many people forget about the third kind of market... the BALANCED market! This is where we have between 5 to 7 months of inventory. Lubbock currently has 5.7 months of inventory (very balanced). Over the last 24 months in Lubbock 5.3 has been the lowest and 6.6 the highest. Lubbock typically enjoys a balanced market where one can both buy and sell for a fair price.

We are thankful to be in a city that has avoided the extreme peaks and valleys that have brought economic disaster to other regions in the U.S.

Current Lubbock MLS Statistics