Despite the rise in interest rates nationwide, Lawton’s housing market continues to hold strong, according to Park Jones Realtors. With nearly 300 homes available for sale, Lawton offers a variety of options for potential homebuyers. The average asking price for these homes is over $239,000, showcasing the value and quality of properties in the area.
Interestingly, these homes have been on the market for an average of 72 days, which may seem lengthy compared to previous years. However, when compared to the past 12 months, this duration is still within a reasonable range. Previously, homes in Lawton were listed for an average of over $182,000, with an average sold price of just under $180,000. During this period, homes typically spent around 40 days on the market before being sold.
Lawton’s housing market demonstrates its resilience in the face of changing interest rates. Despite the increase in rates, homebuyers are still actively seeking properties in the area. This stability can be attributed to the attractive price range of homes available for sale. Additionally, Lawton’s location, amenities, and community appeal contribute to the market’s strength and desirability.
In conclusion, Lawton, Oklahoma’s housing market remains robust despite rising interest rates nationwide. With a diverse range of homes available at competitive prices, Lawton continues to attract potential homebuyers. The market’s stability is a testament to the area’s attractiveness and strong community appeal.
Sources:
– Park Jones Realtors
– Copyright 2023 KSWO. All rights reserved.