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

City of Leawood KS Real Estate Update

Leawood Kansas Real Estate Market Stats <> 15 Day Update

* 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 Note the date of this post as market stats become outdated.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 10 AM on 5/12/09.

In the city of Leawood Kansas there continues to be more homes coming on the market than homes going under contract (i.e. pending) or than homes being sold (closed). This creates a further surplus of supply in Leawood. Using the past 15 days as a basis for figuring the absorption rate in Leawood KS there is just about 14 and a half months of inventory on the market. The under contract stats were better than the closed stats and if we use the 30 homes that went under contract in Leawood over the past 15 days, then there’s about 7.3 months of inventory.

Keep in mind that a 15-day period is a small sampling of Leawood Kansas real estate 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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