Jul 20, 2018
A quick update on New Homes listed on Lubbock MLS. At the end of June local builders reported 225 new-construction homes listed. These included: 79 between $200k-300k 75 between $300k-400k 18 between $400k-500k 8 between $500k-600k 0 between $600k-700k 1 between...
Jul 18, 2018
Let’s stay local again this month. Local MLS market data shows a 120 unit increase, to 1385 For Sale Properties in June 2018. That bumps Months of Inventory across the price spectrum to 2.7. June saw 521 homes sold, with an Average Sold Price of $195,000, and a June...
Jun 26, 2018
Some focused, local info in this month’s report. Local MLS market data shows 1265 For Sale Properties in May 2018. That amounts to 2.6 Months of Inventory across the price spectrum. 491 homes sold in May. Average Sold Price was $186,000, with a Median Sales Price of...
May 11, 2018
Last month I mentioned the spread between new-home and existing-home inventory. In keeping with that theme, we are starting to see real evidence of producer-inputs becoming more expensive – see here for charts on lumber, concrete, and steel. These costs are a...
Apr 19, 2018
I’ve been waffling a bit on what to highlight in this month’s report. I’ve decided not to decide. So here are four items that caught my eye this month. First, this story and map, show the localization of undersupply of housing in the US market. Generally, the coasts...
