Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market
City of Leawood Real Estate Update
Past 15 Days of Leawood KS Real Estate Stats
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
32 | $569,124 |
– |
Total Active Listings |
404 |
– |
– |
Newest Contracts Written |
30 | $460,963 | 124 |
Newest Sold (Closed) |
28 | $407,552 | 133 |
* 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.
Leawood Kansas Real Estate
Using these past 15 days of market stats to figure the absorption rate in Leawood Kansas, there’s currently 6.3 months of inventory on the market. There are still too many homes on the market for the number of sales we’re seeing in Leawood. However, for the first time in over a year we almost saw more homes sell (28) than homes come on the market (32). This is promising because the more inventory that’s on the market (supply) the lower housing prices will go.
A close look should be given to the average price of the Active, Under Contract and Sold homes. You can see the 32 new Leawood listings believed their homes were worth an average of $569,000. But the homes that contracts written had an average list price of $461,000 when they went under contract. The 28 homes that sold, did so at an average sales price of $408,000, which puts the average current list price at $188,000 greater than the average sales price over the past 15 days. It’s certainly a buyer’s market in Leawood Kansas.
Do keep in mind that looking at just 15 days of market stats is a small snap shot of Leawood KS activity. Market conditions also vary greatly from one subdivision to another and one home community can be doing well and the one next to it may be struggling. So don’t take just a macro look at market activity and feel free to contact me to discuss your specific home buying or selling situation.
View Past Leawood Kansas Real Estate Stats
View All Leawood Homes For Sale On Kansas City MLS
Posted by Jason A. Brown
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