Lee’s Summit MO real estate update for January 2017… Get details on the strong Seller’s market & search Lee’s Summit homes for sale

The Jason Brown Group

Lee’s Summit MO Real Estate Update

There were 37 homes sold (closed) in Lee’s Summit Missouri the past 15 days. Comparing this sales rate to the current 327 homes for sale in Lee’s Summit, the city has 4.4 months of inventory on the market. This volume of real estate inventory indicates a seller’s real estate market in Lee’s Summit. The average new listing the past 15 days in Lee’s Summit Missouri came on the market around a $298,000 list price, while the average sales price during the same time frame was nearly $219,000.

Type # Average $ Avg DOM
Listings Past 15 Days 33 $297,945
Total Active Listings 327
Newest Contracts Written 40 $279,038 72
Sold (closed) Past 15 Days 37 $218,725 62

* 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 37 homes sold in Lee’s Summit Missouri were on the market an average of 62 days, while the last 40 homes to go under contract did so in 72 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Lee’s Summit Missouri home.

The Jason Brown Group gives Lee’s Summit Missouri home sellers powerful representation and we get the majority of our homes sold in 30 days and for nearly 99% of list price. We represent Lee’s Summit home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling a Lee’s Summit Missouri home or buying a Lee’s Summit Missouri home and contact us for personal real estate assistance.

Lee’s Summit Real Estate Information

View All Lee’s Summit Homes For Sale

Additional Real Estate Market Stats

Lee’s Summit Listing Agents

Lee’s Summit Buyer’s Agents

Posted by Jason Brown

 

Lee’s Summit Missouri Real Estate Update * Lee’s Summit MO Market Stats

Hands On The Heartland

Checking The Pulse Of The Kansas City Real Estate Market

City of Lee’s Summit Missouri Real Estate Update

Lee’s Summit MO Real Estate Market Stats <> 15-day Glance

Type

#

Average $

Avg DOM

Newest Listings

90

$243,923

View Newest Listings

Total Active Listings

905

Newest Under Contract

87

$213,578*

159

View Newest Under Contract

Newest Solds (Closed)

35

$177,009

93

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the AM on 5/29/09.

 

Lees Summit Missouri

Lee's Summit Missouri

 

In the city of Lee’s Summit Missouri there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). There is good news in that the number of home that went under contract (87) in the past 15 days is almost the same as the number of new homes that came on the market (90) in Lee’s Summit MO. Still, when using the past 15 days of sales as a basis for figuring the absorption rate in Lee’s Summit, there’s nearly 13 months of inventory on the market. 

If we use the number of homes that went under contract (rather than the homes that closed) to figure the absorption rate in Lee’s Summit, the figure is a much-improved 5.2 months of inventory. Let’s hope all those pending sales make it all the way to the closing Also, keep in mind that a 15-day period is a small sampling of Lee’s Summit Missouri market activity and designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend, it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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