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

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 4.2 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Olathe. As we’re seeing with nearly every city in Johnson County Kansas, the city of Olathe has the lowest amount of inventory we’ve seen in many years.

Type # Average $ Avg DOM
Listings Past 15 Days 141 $228,353
Total Active Listings 703
Newest Contracts Written 107 $217,572 89
Sold (closed) Past 15 Days 84 $225,288 123

* 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 sales price the past 15 days was just over $225,000 and the average priced new listing came on the market at just over $228,000. Can we assist you with any Olathe Kansas real estate? If you’re considering purchasing or selling a home in the Olathe area, my real estate group can provide you expert guidance through the real estate  process. Get more details here regarding selling an Olathe Kansas home or buying an Olathe Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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