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 TAMU Real Estate Center considers a six- to 6.5-month inventory a balanced market.
Homes in Lubbock spent an average of 87 days on the market. For more on the Lubbock housing market, read the Center's latest housing report.