Comments Off on Lenexa Kansas Real Estate Market Update – February 2014 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 13 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 6.5 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $326,000, while the average sales price during the same time period was around $246,000.

Type # Average $ Avg DOM
Listings Past 15 Days 27 $326,311
Total Active Listings 169
Newest Contracts Written 32 $277,590 93
Sold (closed) Past 15 Days 13 $245,913 47

* 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 13 homes sold in Lenexa were on the market an average of 47 days, while the last 32 homes to go under contract in Lenexa were on the market 93 days on average. We can assist you with buying or selling a home in Lenexa Kansas, so please contact The Jason Brown Group with any area real estate questions you may have. You can also start the process by finding detailed real estate information on our site regarding selling a Lenexa Kansas home and with buying a Lenexa Kansas home.

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Posted by Jason Brown

 

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