Lakewood Monthly Market Update – Single Family Homes

Lakewood Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
UNDER $500k                   50% 47% 49% 50%
$500K – $750k                   20% 32% 39% 40%
ABOVE +$750k                   29% 28% 19% 24%
OVERALL % U/C                   45% 38% 40% 43%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    336 316 263 196

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                    100 126 98 94

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’
                      2.8 2.44 2.81

 

 

LAKEWOOD SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 1547 1495 -3.4%
Average Sales Price $445,783 $488,026 +9.5%
Median Sales Price $405,000 $435,000 +7.41%
Average Days to Contract 23 24 +4.35%