Comments Off on Lenexa Kansas Real Estate Market Update – March 2012

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 5.7 months of inventory currently on the market. This amount of inventory is considered a slight buyer’s market and shows a continued improvement in the months of inventory on the market in Lenexa Kansas. The average sales price the past 15 days was around $245,000, while the average new listing came on the market at nearly $272,000.

Type # Average $ Avg DOM
Listings Past 15 Days 41 $262,972
Total Active Listings 218
Newest Contracts Written 28 $207,241 122
Newest Sold (Closed) 19 $245,303 299

* 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 19 homes sold (closed) in Lenexa took about 10 months to sell and that’s a concern. But the 28 most recent homes to go under contract did so in a much improved 122 days, giving hope for shorter time on the market for Lenexa home sellers. If you are making plans to buy or sell a home in Lenexa Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Lenexa KS home and with buying a Lenexa KS home. Please contact us with any questions you may have. My group looks forward to providing you expert representation through the real estate process.

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Posted by Jason Brown

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