Comments Off on Olathe Kansas Real Estate Market Update – February 2014 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 46 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.5 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 $280,000, while the average sales price during the same time period was around $224,000.

Type # Average $ Avg DOM
Listings Past 15 Days 99 $279,934
Total Active Listings 417
Newest Contracts Written 89 $211,672 79
Sold (closed) Past 15 Days 46 $224,411 109

* 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 46 homes sold in Olathe Kansas were on the market an average of 109 days, while the last 89 homes to go under contract did so in an average of 79 days. We can assist you with buying or selling a home and please contact us with any questions you have about real estate in Olathe Kansas. You can also find detailed local real estate information on our site regarding selling an Olathe Kansas home or buying an Olathe Kansas home.

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Posted by Jason Brown

 

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