Comments Off on Olathe Kansas Real Estate Market Stats – September 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 4.9 months of inventory currently on the market. This amount of inventory is considered a slight seller’s real estate market in the city of Olathe. The average sales price of the last 65 homes sold (closed) in Olathe was nearly $211,000, while the average new listing came on the market around $226,000.

Type # Average $ Avg DOM
Listings Past 15 Days 90 $225,535
Total Active Listings 635
Newest Contracts Written 88 $211,383 110
Sold (closed) Past 15 Days 65 $210,682 116

* 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 homes that sold the past 15 days were on the market an average of 116 days. The volume of recent homes going under contract remains solid with 88 additional homes going under contract in Olathe the past 15 days. If you are planning to buy or sell a home in Olathe Kansas, we can guide you through the real estate process. Get details here regarding selling an Olathe KS home or buying an Olathe KS home and don’t hesitate to contact us for assistance.

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Posted by Jason Brown

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