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Home Total Market Overview. Lawton, OK!

Total Market Overview. Lawton, OK!



Halloween is finally here! Trick-or-treating is from 6 p.m. to 8 p.m. There is also a Halloween Safe House at the Best Western from 5 p.m. to 7 p.m. I hope everyone has a fun and safe holiday!

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



The market held steady again this week and should remain consistent over the next few weeks. We have talked in the past that if you are selling your home it has to be priced right, in good condition or making the most effective improvements, and marketed aggressively. These items are what gets your home sold but another element to the process is patience. Homes are still selling but they are just taking a little longer to get sold. Take the time to study the Market Report and educate yourself to your market. If you have any questions or would like more information please feel free to check us out online at http://www.jaykinder.com/ or give us a call!

Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors. The demand for buyer's is at an all time high in our area. Buyer's should take advantage of this booming market and find their dream home now! Please contact the professionals at North Pointe Mortgage for all of your financing needs. Check them out at http://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 http://www.successwithjaykinder.com/and join us for our FREE Live events. 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 then please reply.
Have a great weekend!

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.

Posted Tuesday Oct 30