Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa
Recent 15 Days of Lenexa KS Market Activity
After calculating the absorption rate over the past 15 days in Lenexa Kansas, we can determine there’s currently 20.1 months of inventory on the market. This isn’t a misprint and seeing just 8 homes Sold (closed) throughout the city of Lenexa over the past 15 days is concerning. That’s less than one home closing every two days. At that pace, it’s going to take some time to eat up a current inventory of 335 homes for sale in Lenexa.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
34 | $245,600 |
– |
|
Total Active Listings |
335 |
– |
– |
|
Newest Contracts Written |
17 | $263,729 | 130 |
|
Newest Sold (Closed) |
8 | $284,806 | 261 |
* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.
Of course the market can change quickly and we’re only looking at the past 15 days of market stats. Also consider that 17 homes went under contract over the same period. If those had all been closings rather than just contracts written, the months of inventory would be closer to 10 months. So let’s hope all those do end up making it to the closing table. Irregardless, it’s clearly a buyer’s market in the city of Lenexa. Whether buying or selling, you’ll want a local expert who understands our current market conditions so they can proper guide you through the process. Please let me know more about your real estate goals and we look forward to helping you achieve them.
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Posted by Jason A. Brown
