Comments Off on Olathe Kansas Real Estate Update – October 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 6.6 months of inventory currently on the market. This is a reasonable volume of homes for sale in Olathe Kansas yet still high enough to indicate the presence of a buyer’s market.  Don’t overlook that, for the first time in a long time, the average sales price the past 15 days ($247,902) was higher than the average new listing to come on the market ($240,403) over the same 15-day period in Olathe.

Type # Average $ Avg DOM
Listings Past 15 Days 87 $240,403
Total Active Listings 886
Newest Contracts Written 55 $234,692 140
Newest Sold (Closed) 67 $247,902 162

* 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 average price of the homes that went under contract the past 15 days was solid at nearly $235,000. This is all promising news for Olathe home sellers as we head into what is traditionally the slow time of year for home sales. If you’re planning to buy or sell a home in Olathe Kansas, my group can provide you expert representation through the real estate process. Here’s info about how we can assist you with selling your Olathe KS home or with buying an Olathe KS home.  Please don’t hesitate to contact us with any questions! 

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Posted by Jason Brown

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