Checking The Pulse Of The Kansas City Real Estate Market
Olathe Kansas Real Estate Update
Recent Real Estate Activity In Olathe KS
Using the past 15 days of real estate sales activity in Olathe Kansas to calculate the city’s absorption rate, we find there’s 3.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Olathe. If the current sales rate continues without a huge influx of new listings hitting the market, we are heading in the direction of a seller’s market in the city of Olathe.
| Type | # | Average $ | Avg DOM |
| Listings Past 15 Days | 154 | $257,044 | — |
| Total Active Listings | 727 | — | — |
| Newest Contracts Written | 132 | $224,884 | 124 |
| Sold (closed) Past 15 Days | 94 | $210,700 | 150 |
* 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.
If the inventory of homes for sale in Olathe Kansas continues to dwindle, sales prices are sure to head upwards. This would be great news for home sellers in Olathe Kansas. We assist Olathe Kansas home sellers and home buyers every day and if you’re considering purchasing or selling a home the Olathe area, my real estate group looks forward to assisting you. Find more details here regarding selling an Olathe KS home or buying an Olathe KS home. If you have any questions, please don’t hesitate to contact us.
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Posted by Jason Brown
