Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Olathe KS
Recent 15 Days of Olathe Kansas Market Activity
Using the past 15 days of market stats in the chart below, the absorption rate in Olathe Kansas is currently at 8.8 months of inventory. Absorption rates consider the supply (Active listings) versus demand (average number of homes sold during a given period) in Olathe Kansas. I consider 5 to 7 months of inventory to be a neutral real estate market, so 8.8 months of inventory means Olathe KS is still very much in a Buyer’s market. The city will need to pick up the sales rate in the new year to work off 800+ homes of inventory and start stabilizing the Olathe Kansas real estate market.
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
45 |
$211,714 |
– |
Total Active Listings |
806 |
– |
– |
Newest Contracts Written |
46 |
$209,600 | 94 |
Newest Sold (Closed) |
46 |
$246,308 | 96 |
* 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 moving to, from or within Olathe KS, please let me know what area’s of Olathe interest you most. If you’re unsure about your options, let me know more about your price range and home style preferences and I’ll email you the Olathe home communities I think best fit your needs. I can also you send a link to ALL Olathe homes that appear to fit your search parameters. As your Olathe Kansas Realtor, we’re always working for YOU.
View Past Real Estate Stats On Olathe KS
View All Listed Olathe KS Homes For Sale
Olathe Kansas Real Estate
Olathe Kansas fact…
In 2008, Money Magazine ranked Olathe KS #11 in the Top 100 Cities To Live In The U.S. — Wikipedia
Posted by Jason A. Brown