Lenexa Kansas Real Estate Update – June 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa KS
Recent
15 Days of Lenexa Kansas Market Activity

Using the past 15 days of Lenexa Kansas real estate market stats to determine the absorption rate in the city, there’s currently 5.7 months of inventory on the market. This is typical in our current real estate market and indicates we remain in a buyer’s market in Lenexa KS. The average listing price over the past 15 days was just over $300,000, however the average sale price over the same period was almost $50,000 less. The days on market of the 29 homes sold (closed) was also high — at nearly 200 days on the market.

Type
#
Average $
Avg DOM
Listings Past 15 Days
45 $302,332
Total Active Listings
331
Newest Contracts Written
23 $276,780 127
Newest Sold (Closed)
29 $251,538 199

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

If you’re considering selling or buying a Lenexa Kansas home, you’ll want more than 15 days of market stats and you’ll want information that is specific to the area you’re looking to buy or sell a home. Please let me know how I can provide you personalized real estate assistance.

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Posted by Jason A. Brown