We had a great turnout our our Real Estate Session on Thursday, September 20th. We are always looking for new people to join our team! If you think Real Estate is for you, give us a call anytime. Here is this weeks update of Real Estate in the Lawton Area: (the definition of each category is explained below) |
The Lawton Market didn't see any major shifts as things stayed pretty well consistent. The pending ratio climbed again to the highest in five weeks meaning that more homes have gone under contract. Things should hold steady the next few weeks. We wanted to share this article with you about pricing a home. This is one of the best articles we have read and even though it's not about our market, it does follow the guidelines for any market, including our own: http://www.boston.com/realestate/news/articles/2007/09/16/price_it_right/ 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! We are always looking for ways to improve our services to you, so any feedback or questions you have please send them our way! We appreciate any feedback and questions you may have, so let us know how we can help! If you know of anyone that would also benefit from this report send us an email and we will add them to the weekly report mail list. Also attached is the Total Market Overview Report Definitions. Have a great week! 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. |
_______________________________________________ The Kinder Team Report - Lawton Total Market Overview Report DefinitionsActive 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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