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

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 7.25 months of inventory currently on the market. This amount of inventory indicates a buyer’s market in the Olathe Kansas area. But take a look at the high volume (134) of homes that went under contract during the same 15 day period. If we recalculate the absorption rate in Olathe using that figure (making the assumption that all of them will close), there’s 2.7 months of inventory on the market in Olathe. That’s an incredible trend for Olathe home sellers, who no doubt will be hoping those homes make it to closing.

Type # Average $ Avg DOM
Listings Past 15 Days 152 $232,523
Total Active Listings 725
Newest Contracts Written 134 $208,678 101
Newest Sold (Closed) 50 $196,669 151

* 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 50 homes sold (closed) in Olathe took an average of 151 days to sell, while the last 134 homes to go under contract did so in a much quicker 101 days. If you’re making plans to buy or sell a home in Olathe Kansas, we can guide you through the process. Here’s information on how we can assist you with selling your Olathe KS home or with buying an Olathe KS home. Please contact my real estate group with any questions you may have about buying or selling a home in Olathe Kansas or the surrounding area.

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Posted by Jason Brown

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