Lakewood Real Estate Market Extends Weakening in Contracts

Sales fell to 61 homes sold in the Lakewood market over the last 30 days. Furthermore, a solid downturn in the number of pending transactions continued, with 35 completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are falling in Lakewood, and this period the median price of all sales fell from $530,000 to $520,000. There are only two months of inventory available in Lakewood, so it's still solid seller's market, even with the shrinking contracts numbers.

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Demographic facts for Lakewood:

  • This area has a rating of 65 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 257.5 for every 100,000 people.
  • The health cost index score in this area is 110.6. (100 = national average)
  • 83.0% of the residents travel to work in an automobile, 9.0% via carpool, and 1.6% by way of public transit.

Data reported through 1/11/2017

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Ask a local expert about this area:
Keller Williams Realty
14 reviews
Keller Williams Pacific Estates
Snapped 29 homes in this area
Coldwell Banker Coastal Alliance
Snapped 37 homes in this area

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