Lakewood Real Estate Market Report - September

by Rick Lee

The Lakewood real estate market is dynamic and ever-evolving, offering a mix of opportunities and challenges for both buyers and sellers. In this blog post, we'll take a close look at the current state of the Lakewood market using recent data. Whether you're a prospective buyer, seller, or simply interested in the local real estate scene, this snapshot provides valuable insights.

Total Listings: 32

• Coming Soon: 1

• New Listings: 7

• Price Change: 0

• Back On Market: 1

• Active Under Contract: 2

• Pending: 4

• Closed: 11

• Expired: 1

• Canceled: 1

• Hold: 3

Now, let's delve into what these numbers mean and the implications they carry for those involved in the Lakewood real estate market.

1. New Listings (7): A healthy number of new listings suggest that sellers are confident in the market. This creates more choices for buyers, potentially leading to a competitive market.

2. Price Change (0): A lack of price changes could indicate that sellers are pricing their properties accurately from the start, reducing the need for adjustments.

3. Active Under Contract (2): These properties are in the process of closing deals, indicating an active market with buyers and sellers reaching agreements.

4. Pending (4): Pending listings are on the cusp of closing, signaling a strong demand for homes in Lakewood.

5. Closed (11): Closed listings represent completed transactions. With 11 closed deals, it's clear that the Lakewood real estate market remains active.

6. Expired (1): An expired listing suggests that a property was on the market for an extended period without a sale. This could be due to pricing or market conditions.

7. Canceled (1): A canceled listing might mean the seller decided to withdraw their property from the market temporarily, possibly to reevaluate their strategy.

8. Hold (3): Listings on hold are temporarily taken off the market, often for personal reasons or to make improvements to the property before relisting.

Key Takeaways:

• Lakewood has a diverse real estate market with a mix of property types and price points.

• The number of new listings and properties under contract indicate an active market.

• Closed transactions show that homes are being bought and sold successfully.

• A limited number of price changes suggest that properties are being priced competitively.

• Expired and canceled listings are relatively low, signifying a market where properties are selling rather than languishing.

It's important to note that real estate markets can change rapidly, so staying informed is crucial, whether you're buying, selling, or simply monitoring local trends. If you're considering entering the Lakewood real estate market, it's advisable to consult with a local real estate expert who can provide you with the most up-to-date information and guide you through the process.

As always, please remember that these numbers are just one part of the story. Each property is unique, and the right strategy depends on your individual circumstances.

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