Comments Off on Lenexa Kansas Real Estate Update – December 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

After calculating the absorption rate over the past 15 days in Lenexa, we find there’s 9.6 months of inventory on the market. This is high but when you consider the sales rate the past 15 days include the Thanksgiving holiday, the amount of inventory isn’t alarming. The sale’s prices compared to list prices over the 15-day period are however a concern. The average sales price was $236,000, however the average price of the new listings over the same period was close to $300,000.

Type

#

Average $

Avg DOM

Listings Past 15 Days

11 $302,618

Total Active Listings

269

Newest Contracts Written

16 $277,281 146

Newest Sold (Closed)

14 $235,874 372

* 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.

The days on market of the homes that closed was high but the homes that went under contract over the same period did so in less than 5 months. Once we get past the holidays, we’ll watch closely to see if sales start to pick up. If your real estate goals involve buying or selling a home in Lenexa, please let me know how I can assist you.

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Posted by Jason A. Brown

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