The Multiple Listing Service of the Lubbock Association of REALTORS® includes residential properties and new homes listed by over 1,700 REALTORS®.
More Choices for Buyers in February 2026
Buyers have increased choices in the Lubbock Metropolitan Statistical Area (MSA), according to February housing data published by the Lubbock Association of REALTORS®.
Key Data Points in February:
- Median Home Price Up: The median home price saw a slight increse after being down in January. The median home prices settled at $240,000 in February 2026, up 0.8% year-over-year.
- Closed Sales Down: Closed sales were down for the second consecutive month, with 359 homes sold, this was a 1.1% decrease compared to February 2025.
- Active Listings Up: For the fourteenth consecutive month, Active listings were up. February saw a substantial increase of 14.0% year-over-year, with 1,616 active residential listings.
- Pending Listings Up: Pending, or Under Contract listings, saw a large increase as well, with 631 pending listings, this is a 7.1% increase compared to February 2025.
- Months of Inventory Increases: With the number of active listings up, it’s no surprise that Months of Inventory saw an increase for the ninth straight month. At 3.7, this is a 9.7% increase compared to February 2025.
- Days on Market Up: Days on market was up 10.9% compared to February 2025, with homes being on the market for 61 days.
- Sale-to-List Price: The sale-to-list price was 94.5%, down slightly from 95.6% in February 2025.
The months of inventory metric reflects the balance between supply and demand, with higher values suggesting a shift towards a more buyer-friendly market. The Texas Real Estate Research Center at Texas A&M states that a 6.0 months of inventory is considered a balanced market.
Take Advantage of Increased Options
Accoring to Freddie Mac, the rate for a 30-year fixed mortgage is approximately 6.0%, down 0.63% year-over-year. Now may be the perfect time to find the home that’s right for you. Consult a Lubbock area REALTOR® for personalized guidance as each neighborhood is unique. Also talk with a local mortgage lender for personalized guidance before you begin your property search.