Comments Off on Lenexa Kansas Real Estate Update – April 2011
Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa Kansas
Recent
15 Days of Lenexa KS Market Activity

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 6.3 months of inventory currently on the market. This is an improvement over the 8.9 months of inventory in our March look at Lenexa’s stats. We were hoping to see the sales rate pick up with the weather but there were almost the same number of homes going under contract during the past 15 days as there were homes that closed. Although home sales in Lenexa haven’t picked up the past 15 days, we’re just now heading into the prime selling season.

Type

#

Average $

Avg DOM

Listings Past 15 Days

66 $295,140

Total Active Listings

327

Newest Contracts Written

25 $276,572 176

Newest Sold (Closed)

26 $246,249 185

* 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 for both the homes that closed and those that recently closed is right around 6 months and higher than most Lenexa area sellers would prefer. The average list price the past 15 days was about $50,000 higher than the average sales price of the homes that closed. If your real estate goals involve buying or selling a home in Lenexa, these types of market stats will give you an advantage over your competition – whether that’s other Lenexa home sellers or home buyers. Please let us know when you’re ready to receive expert real estate guidance. 

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Posted by Jason A. Brown

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