Comments Off on Olathe Kansas Real Estate Market Update – December 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 69 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.5 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Olathe. The average new listing the past 15 days came on the market around $237,000, while the average sales price during the same time period was around $257,000.

Type # Average $ Avg DOM
Listings Past 15 Days 61 $237,281
Total Active Listings 480
Newest Contracts Written 66 $230,380 71
Sold (closed) Past 15 Days 69 $256,712 72

* 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 69 homes sold in Olathe Kansas were on the market an average of 72 days and the last 66 homes to go under contract did so in a similar 71 days. We can assist you with buying or selling a home in Olathe Kansas, so please contact us with any questions you have about real estate in the area. You can also find detailed real estate information on our website regarding selling an Olathe Kansas home or buying an Olathe Kansas home.

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Posted by Jason Brown

 

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