Lubbock Home Values NOT Declining!

This factual information is an attempt to inform the public that HOME VALUES IN LUBBOCK,TX are not in a state of decline. Home values in LUBBOCK,TX are APPRECIATING, NOT DEPRECIATING. Forget everything you are hearing NATIONALLY! We are extremely fortunate in Lubbock!

The average single family residence in January 2008 sold for $128,235 compared to $131,053 in January 2009 (and increase of 2.2%). The median home sold for 107,500 in January 2008 compared to 109,000 in January 2009 (a 1.4% increase). Total active residential listings according to the Lubbock Association of Realtors in Multiple Listings were 1,565 in January 2008 compared to only 1,452 in January 2009 ( a decrease of 7.2% in inventory). In other words, there is not an overabundance of listings on the market. The lubbock market is not saturated with properties for sale. We do not have a big buyers market. We are experiencing a very BALANCED market...which is a great thing!

Currently, days on market, from list date to closing date are approximately 112 days (less than 4 months).

Jeff and Lisa Sellers listings are only averaging 72 days on the market (between 2-3 months).

According to MLS statistics, sellers are receiving on average, 95.93% of their asking price. Jeff and Lisa Sellers homeowners are averaging an amazing 99.52% of their asking price. We are actually selling some properties for full price in a short amount of time!

Jeff and Lisa Sellers at The Sellers Realty would love to help you with all your real estate needs.

WHETHER BUYING OR SELLING...IT'S ALWAYS A SELLERS MARKET

www.thesellersrealty.com

thesellers@thesellersrealty.com

806-778-6699

806-445-3639

Have a blessed day!