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 during the past 15 days in Leawood Kansas, I find there’s currently 15.8 months of real estate inventory on the market. This is very high, as you’d expect with only 9 total homes Sold (closed) in the past 15 days in the city of Leawood. The number of homes that went under contract over the same period was just slightly better. The homes that sold took more than 7 months to do so.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
28 | $515,579 |
– |
|
Total Active Listings |
285 |
– |
– |
|
Newest Contracts Written |
11 | $416,555 | 169 |
|
Newest Sold (Closed) |
9 | $400,050 | 215 |
* 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.
It’s noteworthy that the 28 homes that came on the market the past 15 days were listed more than $100,000 higher on average than the 9 homes that sold over the same period. Analyzing absorption rates, months of inventory and sales prices helps our clients better understand the prevalent market conditions. If your real estate objectives involve buying or selling a home in Leawood or the surrounding area, please contact me to discuss your buying or selling situation.
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Posted by Jason A. Brown
