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June 2022 Lubbock Market Update

Market update for the end of June 2022.

827 homes for sale
501 sold
556 under contract.

$282,000 Average sales price
1.7 months worth of inventory
59 Average days on the market

We are beginning to see quite a few price reductions!
January 2022 – 6
February 2022 – 3
March 2022 – 9
April 2022 – 19
May 2022 -53
June 2022 – 148
July 2022 – 195

We are seeing more homes on the market right now & less competition so it is a great time to buy if you missed out earlier or if you’re just now starting, jump on in!

We would love to help you here at the Tapp Team!

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