Parks Jones Realtors in Lawton, Oklahoma report that there are currently 323 homes listed for sale in the area, with sellers asking for an average price of $238,000. The average interest rate for a 30-year fixed mortgage has risen to 7.5%, up from 6.95% just last week. Inflation remains high, which is contributing to the elevated mortgage rates.
Over the past 12 months, there has been a steady trend in home sales. A total of 1,598 homes were sold and closed on, with an average selling price of $188,000. This is an increase from the average selling price of $175,000 for the previous 12-month period.
Overall, the real estate market in Lawton seems to be holding steady, with prices and sales remaining consistent. This information is a good indicator for both buyers and sellers in the area.
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