Come on springtime! We are definitely ready for longer days, spring rains and 80s for daytime temperatures. It's good for business! Currently our Southwest Oklahoma market has 844 residential homes on the market compared to 862 last year at this time. There have been 1,534 sold and closed residential properties in the past 12 months compared to 1,386 sold and closed the previous year. Homes that sell take an average of 80 days on the market compared to 83 days last year. Our average sold price has increased from $117,518 last year to $118,743 this year. Homes in our Multiple Listing Service (MLS) with Lawton deemed as their address make up 61.7% of market.
MLS Data shows that there have been 88 new construction homes sold and closed in the past 12 months with an average sold price of $251,040. Sixty-seven of these new constructions were outside of Lawton, in communities such as Cache and Elgin.
All signs are for positive growth in the area in the next few years. If you need assistance in your next move, please let Parks Jones Realty take care of you. We are now available to also assist buyers in the Oklahoma City area by having access to their MLS properties.