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

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 8.3 months of inventory currently on the market. This amount of inventory indicates it remains a buyer’s market in the Olathe area. The average sales price the past 15 days looks solid though and was actually higher than the average priced new listing to come on the market over the same period of time. It’s still taking some time for Olathe home sellers to get to the closing table – 199 days on average for the most recent 59 home sales in Olathe.

Type

#

Average $

Avg DOM

Listings Past 15 Days

155 $235,006

Total Active Listings

982

Newest Contracts Written

106 $204,099 115

Newest Sold (Closed)

59 $252,772 199

* 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.

An impressive number of Olathe homes went under contract (106) and hopefully the vast majority of those make it through to closing. If your real estate plans involve selling or buying a home in Olathe Kansas or in the surrounding areas, please contact me to discuss your situation. We look forward to learning about your real estate objectives and working to help you achieve them. 

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Posted by Jason A. Brown

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