Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa KS
Recent 15 Days of Lenexa Kansas Market Activity
Using the past 15 days of market stats in the chart below to figure the absorption rate in Lenexa Kansas, there’s 11 months of inventory on the market. Absorption rates tell us how much demand (Buyers) there are for our current supply of homes for sale. 11 months of inventory is very high and these conditions make it an excellent Buyer’s market in Lenexa right now. Keep in mind these absorption rates can improve quickly when using just 15 days of sales as the basis for figuring the absorption rate. For example, if there had been 24 sales instead of 12 over the past 15 days, then the absorption rate would have calculated to 5.5 months of inventory.
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
21 |
$270,276 |
– |
Total Active Listings |
266 |
– |
– |
Newest Contracts Written |
19 |
$285,816 | 52 |
Newest Sold (Closed) |
12 |
$259,753 | 137 |
* 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.
If you’re considering selling or buying a Lenexa Kansas home, you’ll need more than just 15 days of market stats. You’ll also need Lenexa market stats specific to the subdivision or area that you’re considering. As a Lenexa Kansas Realtor, we work daily to help our home buyers and sellers with all their Lenexa Kansas real estate needs. Please let us know how we can assist you with your specific real estate situation.
View Past Real Estate Stats On Lenexa KS
View All Listed Lenexa Kansas Homes For Sale
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Posted by Jason A. Brown