Comments Off on Lenexa Kansas Real Estate Update – August 2011

Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 7.2 months of inventory currently on the market. This considers the current volume of 292 homes for sale in Lenexa and the sales (closing) rate experienced the past 15 days in the city. This amount of inventory is considered a buyer’s market but Lenexa is still outpacing many Kansas City metro areas. The average list price the past 15 days was over $300,000 while the average sales price was about $212,000 and that’s a concern.

Type # Average $ Avg DOM
Listings Past 15 Days 43 $302,669
Total Active Listings 292
Newest Contracts Written 29 $251,645 115
Newest Sold (Closed) 19 $211,792 132

* 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 most recent 19 homes to sell in Lenexa were on the market an average of 132 days. If you’re considering selling or buying a home in Lenexa KS, we can provide you expert representation and guide you through the process.  Here’s more info about selling your Lenexa home and buying a Lenexa home. 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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