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 year). Average price per square foot jumped from $109 in February to five-months in a row in the low $120s. Both average and median home prices saw YoY increases of about $25,000.

Our Mover’s Moving Index reflected a healthy mid-summer mark of 248.