May was the BEST month for Lubbock sellers in over a year! Here's why:
May 2025 Market Snapshot
I've been pulling Lubbock MLS data every month — and May genuinely surprised me. Not in a "2021 is back" way. More like the market finally cleared its throat after a long, sluggish winter.
The Numbers
🏠 Homes Sold: 575
💰 Total Volume: $169.9M
📊 Sale-to-List Ratio: 96.3%
📅 Avg. Days on Market: 65.5 days (down from 84.8 in April — a 22.7% drop in one month)
That 22.7% drop in days on market is the biggest single-month move in the 12-month dataset I track.
Where the Market Is Struggling: Under $200K
- $150K–$199K: Sales down 16% year-over-year
- Sub-$100K: Down 23.7%
The entry-level market has an inventory problem — there simply aren't enough homes available to buy.
The Truth About That 96.3% Sale-to-List Ratio
Every time I share this number, I hear from sellers who think: "Great — I'll list high and negotiate down." That's not how this works.
96.3% is the average across homes that were priced correctly from day one. The overpriced ones? Sitting at 84+ days, taking price cuts, and still closing below what a sharp day-one price would've gotten.
"Right pricing isn't about leaving money on the table. It's about creating competition."
What This Means For You
Thinking about selling:
- The $300K–$400K window is a genuinely strong time to move
- Pricing strategy is everything right now
Thinking about buying:
- The market doesn't stop for rates
- Buyers who moved last spring are already sitting on equity
Above $500K:
- You'll need patience and the right pricing strategy — but serious buyers are out there
Let's Talk Real Numbers
If you want to run a comp analysis or just get a straight answer on what your home is worth right now in Lubbock, reach out.
📞 (806) 831-9301
✉️
No pressure. Just real numbers.
