“One can feel it. A tightness, an obstacle in the way. The market has slowed. MLS numbers show more than double the inventory YoY (1269 vs. 576), sales pace has slowed (302 vs 495) and Months of Inventory reflects that (4.2 vs. 1.2). And while we are still up on...
“I suspect you have a feeling in your gut about where we are this month. The MLS data bears that feeling out. Year over Year, we went from inventory of 665 to 1213 and sales of 493 to 381. That yields a YoY change in Months of Inventory from 1.3 to 3.2. That’s what...
A few notes from looking through the transaction data this month. First, September was busy month for trustee and sheriff sales. Second, the alternative lenders were busy as well. Third, our Mover’s Moving Index generally slows some in the autumn, but this month’s 218...
Better, but not good. Or maybe, hard, but not as hard. Both describe the local market according to August 2022 MLS data. We posted 2 months of inventory on 1056 listings and 527 sales. Compare that to 678 listings and 608 sales last year. Take a closer look at that...
We are seeing sales volumes slow and price appreciation stall, but not reverse meaningfully, in the Lubbock market. Months of Inventory effectively doubled YoY (1.9 vs. 1) mainly on increased inventory (935 vs. 647) and a relative decrease in sales (746 vs. 780 last...
Inventory is increasing, in MOI terms, largely because of a reduced pace of buying. June YoY numbers of listings went from 583 to 827, while sales went from 669 to 501. That moves MOI from 0.9 to 1.7, YoY. Still, 1.7 is a low inventory number, and it still reflects in...
