The Jason Brown Group

During the 2nd quarter of 2016, the volume of home sales has continued to rise and home sales prices have followed. As it has for around a year now, the supply of homes for sale is failing to meet the buyer demand for homes. Not only has supply not started to correct itself, the volume of inventory has continues to go down while the demand for homes has remained on the rise.

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Kansas City area home sellers continue to obtain a very high percentage of their asking price with most obtaining 98% to 100%+ of asking price. Closings in the metro area rose 4.9% in the 2nd quarter with 11,605 home sales this year compared to 11,065 2nd quarter of last year. There were 8,582 homes for sale during the 2nd quarter this year and that’s a huge drop from the 11,894 homes for sale at this time last year… And compared to 4 years, listings are down an incredible 40%!

Overall in the Kansas City metro area, there’s 2.8 months of inventory on the market. That volume of inventory indicates a Seller’s real estate market. At this time last year there was 4.2 months available and while that’s still a seller’s market, it’s a much stronger seller’s market right now. And 3 years ago there was 5.7 months of inventory and that amount of inventory represented a balanced real estate market. Essentially we have about HALF the number of homes available for home buyers as we did a few years ago. This is a major reason home sellers have obtained an average sales price of $186,000 metro wide, which is $10,000 higher than 2nd quarter a year ago.

The current hot summer real estate market looks very much like it will continue right into the fall, and possibly all the way through it. But there’s also a lot going in the world that could change things… And interest rates are sure to rise at some point. The election year has historically played a role in the direction of the real estate market and nobody knows for sure just how that’s going to turn out. For now, we remain in a very fast paced market. If you’re thinking about making a move, give me a call to discuss the effects our current market have on your home buying and home selling decisions.

 

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The Jason Brown Group

Overland Park KS Real Estate Update

There were 146 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing this sales rate to the current 561 homes for sale in Overland Park, the city has 1.9 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Overland Park. The average new listing the past 15 days in Overland Park Kansas came on the market around a $324,000 list price, while the average sales price during the same time frame was nearly $303,000.

Type # Average $ Avg DOM
Listings Past 15 Days 162 $323,973
Total Active Listings 561
Newest Contracts Written 163 $333,170 59
Sold (closed) Past 15 Days 146 $303,404 46

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 146 homes sold in Overland Park Kansas were on the market an average of 46 days, while the last 163 homes to go under contract did so in 59 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Overland Park Kansas home.

The Jason Brown Group gives Overland Park home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Overland Park home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Overland Park Kansas home or buying an Overland Park Kansas home and contact us for personal real estate assistance.

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The Jason Brown Group

Olathe KS Real Estate Update

There were 142 homes sold (closed) in Olathe Kansas the past 15 days. Comparing this sales rate to the current 411 homes for sale in Olathe, the city has 1.5 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Olathe. The average new listing the past 15 days in Olathe Kansas came on the market around a $287,000 list price, while the average sales price during the same time frame was nearly $274,000.

Type # Average $ Avg DOM
Listings Past 15 Days 139 $287,186
Total Active Listings 411
Newest Contracts Written 148 $263,040 46
Sold (closed) Past 15 Days 142 $273,978 56

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 142 homes sold in Olathe Kansas were on the market an average of 56 days, while the last 148 homes to go under contract did so in 46 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Olathe Kansas home.

The Jason Brown Group gives Olathe home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Olathe home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Olathe Kansas home or buying an Olathe Kansas home and contact us for personal real estate assistance.

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The Jason Brown Group

Leawood KS Real Estate Update

There were 30 homes sold (closed) in Leawood Kansas the past 15 days. Comparing this sales rate to the current 182 homes for sale in Leawood, the city has 3.0 months of inventory on the market. This volume of real estate inventory indicates a seller’s real estate market in Leawood. The average new listing the past 15 days in Leawood Kansas came on the market around a $584,000 list price, while the average sales price during the same time frame was nearly $502,000.

Type # Average $ Avg DOM
Listings Past 15 Days 36 $584,077
Total Active Listings 182
Newest Contracts Written 35 $555,954 72
Sold (closed) Past 15 Days 30 $501,877 68

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 30 homes sold in Leawood Kansas were on the market an average of 68 days, while the last 35 homes to go under contract did so in 72 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Leawood Kansas home.

The Jason Brown Group gives Leawood home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Leawood home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling a Leawood Kansas home or buying a Leawood Kansas home and contact us for personal real estate assistance.

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The Jason Brown Group

Shawnee KS Real Estate Update

There were 68 homes sold (closed) in Shawnee Kansas the past 15 days. Comparing this sales rate to the current 184 homes for sale in Shawnee, the city has 1.4 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Shawnee. The average new listing the past 15 days in Shawnee Kansas came on the market around a $266,000 list price, while the average sales price during the same time frame was almost $272,000.

Type # Average $ Avg DOM
Listings Past 15 Days 65 $265,694
Total Active Listings 184
Newest Contracts Written 65 $255,354 31
Sold (closed) Past 15 Days 68 $272,195 56

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 68 homes sold in Shawnee Kansas were on the market an average of 56 days, while the last 65 homes to go under contract did so in 31 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Shawnee Kansas home.

The Jason Brown Group gives Shawnee home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Shawnee home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling a Shawnee Kansas home or buying a Shawnee Kansas home and contact us for personal real estate assistance.

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The Jason Brown Group

Lenexa KS Real Estate Update

There were 49 homes sold (closed) in Lenexa Kansas the past 15 days. Comparing this sales rate to the current 193 homes for sale in Lenexa, the city has 2.0 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Lenexa. The average new listing the past 15 days in Lenexa Kansas came on the market around a $310,000 list price, while the average sales price during the same time frame was nearly $331,000.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $310,321
Total Active Listings 193
Newest Contracts Written 51 $310,569 46
Sold (closed) Past 15 Days 49 $331,037 71

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 49 homes sold in Lenexa Kansas were on the market an average of 71 days, while the last 51 homes to go under contract did so in 46 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Lenexa Kansas home.

The Jason Brown Group gives Lenexa home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Lenexa home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling a Lenexa Kansas home or buying a Lenexa Kansas home and contact us for personal real estate assistance.

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The Jason Brown Group

Overland Park KS Real Estate Update

There were 153 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing this sales rate to the current 545 homes for sale in Overland Park, the city has 1.8 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Overland Park. The average new listing the past 15 days in Overland Park Kansas came on the market around a $357,000 list price, while the average sales price during the same time frame was nearly $315,000.

Type # Average $ Avg DOM
Listings Past 15 Days 194 $357,441
Total Active Listings 545
Newest Contracts Written 185 $305,643 45
Sold (closed) Past 15 Days 153 $315,339 61

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 153 homes sold in Overland Park Kansas were on the market an average of 61 days, while the last 185 homes to go under contract did so in 45 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Overland Park Kansas home.

The Jason Brown Group gives Overland Park home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Overland Park home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Overland Park home or buying an Overland Park home and contact us for personal real estate assistance.

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The Jason Brown Group

Olathe KS Real Estate Update

There were 142 homes sold (closed) in Olathe Kansas the past 15 days. Comparing this sales rate to the current 368 homes for sale in Olathe, the city has 1.3 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Olathe. The average new listing the past 15 days in Olathe Kansas came on the market around a $258,000 list price, while the average sales price during the same time frame was nearly $270,000.

Type # Average $ Avg DOM
Listings Past 15 Days 161 $268,416
Total Active Listings 368
Newest Contracts Written 155 $252,361 33
Sold (closed) Past 15 Days 142 $269,723 51

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 142 homes sold in Olathe Kansas were on the market an average of 51 days, while the last 155 homes to go under contract did so in 33 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Olathe Kansas home.

The Jason Brown Group gives Olathe home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Olathe home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Olathe home or buying an Olathe home and contact us for personal real estate assistance.

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The Jason Brown Group

Leawood KS Real Estate Update

There were 21 homes sold (closed) in Leawood Kansas the past 15 days. Comparing this sales rate to the current 201 homes for sale in Leawood, the city has 4.8 months of inventory on the market. This volume of real estate inventory indicates a seller’s real estate market in Leawood. The average new listing the past 15 days in Leawood Kansas came on the market around a $557,000 list price, while the average sales price during the same time frame was nearly $576,000.

Type # Average $ Avg DOM
Listings Past 15 Days 35 $556,627
Total Active Listings 201
Newest Contracts Written 33 $651,315 54
Sold (closed) Past 15 Days 21 $576,283 48

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 21 homes sold in Leawood Kansas were on the market an average of 48 days, while the last 33 homes to go under contract did so in 54 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Leawood Kansas home.

The Jason Brown Group gives Leawood home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Leawood home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling a Leawood home or buying a Leawood home and contact us for personal real estate assistance.

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The Jason Brown Group

Shawnee KS Real Estate Update

There were 66 homes sold (closed) in Shawnee Kansas the past 15 days. Comparing this sales rate to the current 181 homes for sale in Shawnee, the city has 1.4 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Shawnee. The average new listing the past 15 days in Shawnee Kansas came on the market around a $327,000 list price, while the average sales price during the same time frame was nearly $264,000.

Type # Average $ Avg DOM
Listings Past 15 Days 73 $327,146
Total Active Listings 181
Newest Contracts Written 63 $260,413 58
Sold (closed) Past 15 Days 66 $263,624 40

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 66 homes sold in Shawnee Kansas were on the market an average of 40 days, while the last 63 homes to go under contract did so in 58 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Shawnee Kansas home.

The Jason Brown Group gives Shawnee home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Shawnee home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling a Shawnee home or buying a Shawnee home and contact us for personal real estate assistance.

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