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

City of Leawood Kansas Real Estate Update

Leawood KS Real Estate Market Stats <> 15-day Glance

* 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 Note the date of this post as market stats become outdated.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 AM on 3/18/09.

Leawood Kansas

In the city of Leawood Kansas 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 Leawood KS. Using the past 15 days as a basis for figuring the absorption rate in Leawood, there is 20 months of inventory on the market.

There were more homes that went under contract than closed (over the 15-day period) and if we use those 18 homes as the basis, then there’s a little more than 11 months of inventory on the market in Leawood. Better of course but those homes still have to make it the closing table. Also keep in mind that a 15-day period is a small sampling of market activity 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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