Olathe KS Real Estate Update * 15-days Of Olathe Kansas Market Stats

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Olathe KS Real Estate Update <> 15-day Glance:

Olathe Kansas Real Estate Market Stats

Type

#

Average $

D.O.M

–

Newest Listings

125

$181,717

–

View These Listings

Total Active Listings

975

–

–

–

Newest Pending

34

$283,975*

108

View These Pendings

Recently Sold (Closed)

41

$200,975

40

View These Solds

* The average price of the Newest Pending is the list price of the home when it went under contract – actual contract and/or sales price unknown until post-closing reporting. Notes: Information pulled from Heartland MLS and deemed reliable but not guaranteed. If there is a low sampling of homes in any particular category, an average can be easily skewed high or low by an unusually high or low sale during the 15-day period. Note the date of the post as any market stats quickly become outdated. Depending on when the stats were pulled the stats may not be an exact 15 days. D.O.M is Days On Market.
 

In the city of Olathe there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in the city of Olathe. Using the past 15 days as a basis for figuring the absorption rate in Olathe, there is just shy of 12 months of inventory on the market. Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on short term in the current Olathe real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate market’s long-term trend.

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1) In the Subject line put “Receive subdivision updates”.
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Note: Once completed, you’ll receive an email catching you up with the current market activity in your area. You’ll then receive an email update when homes in your area are listing, go pending, change price or are sold. 

Posted by Jason A. Brown

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