Delray Beach Real Estate Market Overview – 2015 Q1

Delray Beach
The real estate market in Delray Beach saw an increase in total inventory this quarter relative to the previous. There were a total of 855 closings this quarter, and March was the most active month with 366 closings for a $ 109.5M dollar value. Closings in Delray Beach increased in Q1 when comparing to last quarter. In addition, closings this quarter were higher in comparison to Q1 of last year. January saw the most houses put on the market with 362 new listings added. Overall, listings increased this quarter compared to last quarter and are lower from the same time last year.

Below is a table of statistics summarizing changes in the Delray Beach real estate market, as well as some graphs of this information over time.

This Quarter vs. Last quarter vs. Last Year
Total Inventory 1,892 7% 1,758 -4% 1,981
New Listings 943 16% 810 -9% 1,040
Avg List  $ 302.4k 6%  $  283.6k 5%  $  287k
Closings 855 2% 831 7% 794
Avg Closing  $ 320.6k 8%  $ 294.3k 19%  $ 267.9k
Avg DOM 108 —- 108 -2% 111
$/sq. ft  $ 172.95 11%  $ 155.24 22%  $ 140.95

 

Delray Beach 2015 Q1 Market Report

 

Delray Beach 2015 Market Report - $/sq. ft.

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