Market Statistics Lubbock Tx October 2011

Real Estate Agent with The Diamond Group @ Keller Williams

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


Posted by

The Diamond Group of Keller Williams Realty

'A Cut Above The Rest'

4747 S. Loop 289 Suite 110

Lubbock, Texas 79424


806.771.HOME (4663)



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