The latest NAR headline is “Virtually Every Metro Area Experienced Home Prices Rise in First Quarter of 2021”. The story is a mighty reflection on supply and demand. Almost every metro area tracked showed a YoY price increase, most with double-digit increases.
TAMU’s Real Estate Center reported on Lubbock MLS data for April. True to form, we saw a 17.5% YoY increase in sales volume (YTD) and a 19% increase in prices (YOY, also YTD).
Our Mover’s Moving Index hit 215 transactions for the month. A strong number, to be sure. But I sense it could be higher, but is constrained on the supply side.