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Market Trends & Data

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Cayson Pearl
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Housing Shortage in Lubbock?

Cayson Pearl
Posted Apr 20 2024, 17:36

Do you feel like there is a housing shortage at all in Lubbock? I am trying to gauge the rental market here. I am new to the area, and I feel like the general consensus is that it's overpriced, but is the supply there? Open to any other opinions about the Lubbock Market.

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Jacopo Iasiello
  • Investor
  • Miami Beach, FL
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Jacopo Iasiello
  • Investor
  • Miami Beach, FL
Replied Apr 25 2024, 10:29

Hi Cayson, how you feel there's a shortage? thanks

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Michael Norsworthy
Pro Member
  • Realtor
  • Lubbock, TX
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Michael Norsworthy
Pro Member
  • Realtor
  • Lubbock, TX
Replied May 3 2024, 08:53

Hi Cayson,

We have healthy amount of inventory here in Lubbock, I wouldn't say that there's a housing shortgage at all, in fact we have 3 1/2 months worth of inventory on the market at the moment. I'd love to discuss more.

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Stuart Chinworth
  • Realtor
  • Granbury, TX
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118
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Stuart Chinworth
  • Realtor
  • Granbury, TX
Replied May 8 2024, 07:49

I am not sure there's any tertiary market in TX that is experiencing a shortage of inventory right now. From what I am seeing, there is either a slight oversupply or things are somewhat balanced.