Comments Off on Leawood Kansas Real Estate Update – December 2010
Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Leawood Kansas
Recent
15 Days of Leawood KS Market Activity

After calculating the absorption rate over the past 15 days in Leawood Kansas, we determine that there’s currently 9.9 months of inventory currently on the market. This is high but a vast improvement over the 13.7 months of inventory when we checked in late October. The homes that closed the past 15 days took 150 days on average to do so, which isn’t too bad. But the average sales price ($354,814) was $100,000 lower than what the average list price was over the same 15-day period ($454,712).

Type

#

Average $

Avg DOM

Listings Past 15 Days

13 $454,712

Total Active Listings

277

Newest Contracts Written

10 $357,390 182

Newest Sold (Closed)

14 $354,814 150

* 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.

Many Leawood Kansas home sellers are overpricing their homes and this is often a poor pricing strategy. When homes don’t sell quickly, sellers will start reducing the price down the road but often it’s too late to overcome the stigma associated with a home that’s been the market a lot longer than the competition. The process of selling and buying a home is more complicated than ever. So if your real estate plans involve buying or selling a home in Leawood Kansas, please contact me for assistance. I look forward to going over your real estate goals and going to work to help you achieve them.

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Posted by Jason A. Brown

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