Lenexa Kansas Real Estate Update – March 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa KS
Recent
15 Days of Lenexa Kansas Market Activity

Using the most recent 15 days of Lenexa Kansas real estate market stats to figure the absorption rate in Lenexa KS, there’s 5.5 months of inventory on the market. This is improving on previous stats and indicates a supply and demand for homes in Lenexa that is more in line with a stable market, than the clear buyer’s market we’ve been seeing. It is important to note though that the average new listing the past week went on the market around $294,000, while the average home that sold over the same period did so for a less expensive average of about $239,000.

Type
#
Average $
Avg DOM
Listings Past 15 Days
61 $293,993
Total Active Listings
285
Newest Contracts Written
34 $254,479 102
Newest Sold (Closed)
26 $238,788 104

* 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.

If you’re considering selling or buying a Lenexa Kansas home, you’ll definitely need to see more than just 15 days of market stats to make a judgment on Lenexa Kansas property values. I’d look forward to assisting with your real estate needs in the Lenexa Kansas and surrounding areas.

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