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Article from The A.J. Newspaper
Local home sales follow seasonal trends
I found this in our local paper thougt that you would like it...

By Chris Van Wagenen | A-J BUSINESS EDITOR
Tuesday, November 25, 2008Story last updated at 11/25/2008 - 2:02 am
 
Sales of existing homes in the Lubbock area fell by nearly 24 percent in October, reflecting seasonal trends and political uncertainty.
"We did see a decline, but we think it may have been slower due to the pending (presidential) election," said Greg Garrett, president of the Lubbock Association of Realtors.

Garrett said it appears Lubbock sales numbers will still match those achieved in 2007.
Lubbock real estate agents sold 192 homes with an attached dollar volume of $27.3 million through Oct. 31, compared to 252 sales valued at $33.9 million for the same year-ago period.
Nationally, sales of existing homes fell 3.1 percent to a seasonally adjusted 4.98 million units, the National Association of Realtors reported.
In Lubbock, the median sales price - that is half the homes sold for more or less - was pegged at $115,475, up 7.80 percent, compared to $108,575 for the same year ago period, according to Multiple Listing Service.
"The fact that our values ... more

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