Lake Worth Real Estate Market Overview – 2015 Q1

Lake Worth
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

 

Lake Worth 2015 Q1 Market Report

 

Lake Worth 2015 Market Report - $/sq. ft.

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