Comments Off on Olathe Kansas Real Estate Market Stats – July 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Olathe Kansas Real Estate Update
Recent Real Estate Activity In Olathe Kansas

Using the past 15 days of real estate sales activity in Olathe Kansas to calculate the city’s absorption rate, we find there’s 3.1 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Olathe. These stats show there’s been no slow down in the brisk pace of home buyers eating up the standing inventory. The stable demand for homes is music to Olathe home sellers ears. Just as impressive, the average sales price the past 15 days exceeded the average new listing price.

Type # Average $ Avg DOM
Listings Past 15 Days 133 $217,517
Total Active Listings 704
Newest Contracts Written 124 $226,291 123
Sold (closed) Past 15 Days 112 $226,615 129

* 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 number of homes that went under contract this past week was also impressive with another 124 homes removed from the available inventory. We help Olathe KS home buyers and home sellers and if you’re considering purchasing or selling a home the Olathe area, my group can provide you expert guidance through your real estate transaction. Get details regarding selling an Olathe Kansas home and with buying an Olathe Kansas homeContact us with any real estate questions you may have.

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Posted by Jason Brown

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