Leawood Kansas Real Estate Market Update – March 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Looking at the past 15 days of real estate sales activity in the city of Leawood Kansas and comparing it to the current volume of homes for sale in Leawood, we find there’s 6.7 months of inventory in the city. This amount of inventory indicates a buyer’s real estate market in the city of Leawood. The average new listing the past 15 days came on the market around $382,000, while the average new listing came on the market at nearly $572,000.

Type # Average $ Avg DOM
Listings Past 15 Days 58 $571,881
Total Active Listings 187
Newest Contracts Written 37 $489,710 82
Sold (closed) Past 15 Days 14 $382,132 142

* 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 14 homes sold (closed) in the city of Leawood Kansas were on the market an average of 142 days. If you need the current market stats on any particular area within Leawood Kansas, please contact us for assistance. Whether you looking to sell or buy a home we can help. You can also find more details here regarding selling a Leawood Kansas home and buying a Leawood Kansas home.

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Posted by Jason Brown

 

Leawood Kansas Real Estate Update – March 2011

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

After calculating the absorption rate during the past 15 days in Leawood Kansas, I find there’s currently 21 months of inventory on the market. This is the highest I’ve seen at any point of checking the market stats in the past several years. Having just 7 closings in the entire city over a 15-day period is making it very difficult for Leawood home sellers. Of course, it’s a great time to buy a home in Leawood and you should get in contact with a Leawood buyer’s agent to discuss the great deals and motivated home sellers that are present in our current market.

Type

#

Average $

Avg DOM

Listings Past 15 Days

44 $545,699

Total Active Listings

298

Newest Contracts Written

18 $571,200 305

Newest Sold (Closed)

7 $394,429 163

* 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.

The sales rate is going to have to pick up drastically to eat into nearly 300 homes for sale in Leawood. The average sales price over the 15-day period was just under $400,000 while the average price of the new listings coming on the market was nearly $550,000. It’s important that Leawood home buyers and sellers connect with a great listing agent or buyer’s agent who can explain the current market conditions and who works diligently to take of the client. If selling or buying a home in Leawood is in your future, please contact me to discuss your real estate goals in detail.

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Posted by Jason A. Brown

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