Comments Off on Olathe Kansas Real Estate Update – June 2011

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Olathe Kansas
15 Day Glance At The Olathe KS Real Estate Market

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 6.8 months of inventory currently on the market. This amount of inventory indicates it remains a buyer’s market in Olathe Kansas. But these figures are quite an improvement on the 8.3 months of inventory when found when we took at look at Olathe’s May stats. The average price of the new listings to come on the market the past 15 days ($213,199) was almost exactly the same as the average sales price  ($213,627) over the same period. This is an indication that home sellers are pricing their homes realistically.

Type # Average $ Avg DOM
Listings Past 15 Days 123 $213,199
Total Active Listings 978
Newest Contracts Written 110 $208,899 132
Newest Sold (Closed) 72 $213,627 138

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 72 homes that sold (closed) in Olathe took an average of 138 days to sell. This amount of time is looking typical in Olathe as the 110 homes that went under contract during the same period did so in about the same amount of time. If you’re planning to purchase or sell a home in Olathe Kansas, we can guide you through the real estate process. Here’s information on how we assist Olathe home sellers and how we assist Olathe home buyers. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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