The market in Lubbock, Tx is still doing well. There are currently 690 listings between $100,000 to $200,000. and the average market time is 7.40 months. 120 of these homes are currently selling every month. The list to sales price ratio is 96.86% and the average days on market are about 108 days.
This is a synopsis of a category of homes and not the whole market. What is interesting about these numbers is that the average days on market for Lubbock even in a hot, hot market is 90-120 days.
The months supply of inventory is up from earlier in the year to 7.40 months compared to 3.5 months or so till about June of this year.
Another change is the list to sales price ratio is down as well from 98% to 96.86%. Of course what all this means is that condition and price still sells the homes!
DO YOU WANT YOUR HOME TO SIT OR SELL?
Did you know that The Diamond Group averages 98.9% of listing price...........you do want a bulldog for your negotiating don't you?
Call The Diamond Group today and stop guessing about your homes value! Find out from the experts what the market is doing and how your home should be priced to sell.