Prairie Village Kansas Real Estate Update – May 2011

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

After calculating the absorption rate over the past 15 days in Prairie Village Kansas, we find the city has 5.2 months of inventory currently on the market. This is excellent in our current market and represents a stable amount of inventory in the Prairie Village KS area. The days on market (DOM) for Prairie Village is outpacing the length of time it’s taking to sell homes in most other Kansas City metropolitan areas. Both the homes that sold and those that went under contract the past 15 days did so in less than 4 months time.

Type

#

Average $

Avg DOM

Listings Past 15 Days

34 $224,475

Total Active Listings

175

Newest Contracts Written

15 $185,093 89

Newest Sold (Closed)

17 $256,168 118

* 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.

Sales prices on the closed homes the past 15 days looks solid, with the average home selling for $256,168. The average list the price during this time was $224,475 and provides Prairie Village home buyers with lots of new options to consider. If your real estate goals involve buying or selling a home in Prairie Village Kansas, please contact me for assistance. We look forward to learning about your goals and helping you buy or sell a Prairie Village area home. 

View More Real Estate Stats On Prairie Village Kansas

Buyer’s Agents In Prairie Village Kansas

Seller’s Agents In Prairie Village Kansas

Relocating to Prairie Village Kansas

View All Listed Prairie Village Kansas Homes For Sale

Prairie Village Kansas

Prairie Village Kansas

Featured Prairie Village Kansas Link…
Prairie Village Resident Resources
Posted by Jason A. Brown

Add to DeliciousAdd to DiggAdd to FaceBookAdd to Google BookmarkAdd to RedditAdd to StumbleUponAdd to TechnoratiAdd to Twitter

Prairie Village Kansas Real Estate Update – December 2009

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Prairie Village Kansas
Recent
15 Days of Prairie Village KS Market Activity
Type
#
Average $
Avg DOM
Listings Past 15 Days
20
$182,583
Total Active Listings
142
Newest Contracts Written
7
$250,686 102
Newest Sold (Closed)
11
$199,455 58

* 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.

Prairie Village KS Real Estate

Prairie Village KS Real Estate

Using the past 15 days of market stats in the above chart, we can figure the absorption rate in Prairie Village to be 6.4 months of inventory on the market. Looking at absorption rates provides valuable information on the supply and demand of real estate in Prairie Village. 6.4 months of inventory is high and clearly it’s a Buyer’s market in Prairie Village. But 6 months of inventory isn’t like the upper bracket communities where some are seeing 2 years of inventory on the market. It’s also good to see such a high average price ($250,686) for the 7 homes that did go under contract the past 15 days. That’s much higher than the $199,455 average sales price over the same period. The 20 homes that came on the market also appear priced well overall.

Prairie Village is an excellent community for home buyers who want reasonably priced homes that have character and intangibles like tree-lined streets. If you’re considering selling or buying a Prairie Village Kansas home, you’ll need more than just 15 days of market stats. You’ll also need to see the market stats specific to the subdivision, zip code (and sometimes even the block)  that  interests you most. As your Prairie Village Realtor, we’ll get you the market information you need to make an informed real estate decision.

View Past Real Estate Stats On Prairie Village Kansas

Buyer’s Agents In Prairie Village Kansas

Seller’s Agents In Prairie Village Kansas

View All Listed Prairie Village Kansas Homes

Posted by Jason A. Brown