Lubbock still a seller’s market

​​​​​​LUBBOCK – Local home sales slowed but the median price increased in
February, according to data from the Real Estate Center and the Lubbock
Association of Realtors.

Home sales were down 5 percent from February 2018
with 280 homes sold. The median price increased 13 percent to $182,500.

The number of active listings grew 7 percent
over the year at 1,024 listings.

Monthly housing inventory decreased from 2.9 months to 2.7
months in the same period. The Center considers a six- to 6.5-month inventory a balanced market.

Homes spent an average of 87 days on the market. ​

For more on the Lubbock housing market, read the Center’s latest housing report​​.​