Lake Worth Real Estate Market Overview – 2015 Q1
The real estate market in Lake Worth saw an increase in available inventory this quarter relative to the previous. There were a total of 766 closings this quarter, and March was the most active month with 319 closings for a $ 64.9M dollar value. Closings in Lake Worth increased in this quarter when comparing to last quarter. In addition, closings this quarter were higher when compared to Q1 of last year. January was the favored month in Lake Worth to list this quarter, as 271 homes were added. Overall, listings were lower this quarter compared to last quarter and are down from Q1 of last year.
The following is a table of statistics detailing changes in the Lake Worth real estate market, in addition to some graphs of this information over time.
| This Quarter | vs. Last quarter | vs. Last Year | |||
| Total Inventory | 1,581 | 2% | 1,539 | 5% | 1,499 |
| New Listings | 721 | -2% | 740 | -7% | 780 |
| Avg List | $ 229.3k | 8% | $ 211.1k | 3% | $ 221.1k |
| Closings | 766 | 10% | 691 | 25% | 608 |
| Avg Closing | $ 193k | 2% | $ 187.7k | 5% | $ 183.2k |
| Avg DOM | 110 | -1% | 111 | 9% | 100 |
| $/sq. ft | $ 99.83 | 6% | $ 94.08 | 5% | $ 95.07 |
