Total Market Overview. Lawton, OK!

Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below)

We want to know if you think people feel more comfortable making decisions based on knowns or unknowns? That's right. We all feel more comfortable making decisions based on what we know. We always find our clients needs and wants, and we educate them completely on present market conditions. We study the market every day to help advise our clients to make the best decisions based on their needs and wants

Another way we keep our clients informed is to keep them up to date as to what is going on in the mortgage industry. Please contact the professionals at North Pointe Mortgage for all of your financing needs. Check them out at www.lawtonmortgageinfo.com or give them a call 580.248.0795!

If you or someone you know is interested in becoming a Real Estate Professional, check out www.SuccessWithJayKinder.com and join us for our FREE Live event this coming Thursday, November 15 at 6:30pm. Find out how to Jump Start Your Real Estate Career for FREE! If you are a Licensed Producing Realtor check out how you could receive up to $10,000 in Cash Rewards!

If you know of anyone that would benefit from this report please let me know and I will add them to the report mailing list. Also attached is the Total Market Overview Report Definitions.

This information is obtained from Paragon MLS and deemed reliable but not guaranteed. If you wish to no longer receive this update them please reply.

Have a great weekend and Good Luck to the Highlanders!!

Thanks,

Jay Kinder

This information is obtained from Paragon MLS and deemed reliable but not guaranteed. We publish the Lawton Total Market Overview weekly to provide detailed insight into the inner workings and trends for the real estate marketplace in the Lawton area. If you have any questions or comments, please send us an email.

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The Kinder Team Report

Active Listings: Active listings in Paragon (MLS).

Pendings: Listings which have received an acceptable offer from a buyer and are on the way to closing.

Pending Ratio: Pendings / Active Listings (by price range)

Expired Listings: Listings which have been ‘rejected by the market’ in the past six months. This is a rolling six-month (we calculate by going back 180 days from the date of the report) set of listings which were listed for sale and ‘rejected’ by the market and the sellers decided to pull or withdraw them and take them off the market.

Closings: These are homes which were listed for sale, received an offer and closed with a new buyer. This is a six-month rolling total (180 days back) of all homes sold.

Sold/Mo: Number of houses sold over a six months (180 day period) / 6

Months Inventory: Active Listings divided by Sold/Month. Note: Although many months of listings show for any price range, the average days on the market is normally significantly lower. This is due to the fact that there are normally a substantial amount of homes that are mis-priced or grossly overpriced. Days on Market is driven by the homes that actually sell vs. Months of Inventory.

Average List / Sold Price: These are the averages for all homes that have sold in the past 180 days. MLS Data calculated for the average list and sales price for every home sold in the respective price range.

List to Sales Ratio: Average List Price / Average Sales Price

Days on Mkt.: Average days the homes in the price range that sold over the 180 day period.

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Jay Kinder
Coldwell Banker Crossroads
Lawton, OK

Office Phone: (580) 248-2600
Cell Phone: (580) 591-6404
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