Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Info for The City of Leawood Kansas
Recent 15 Days of Leawood Kansas Market Activity

Using the past 15 days of Leawood KS real estate stats in the chart below, we can figure Leawood’s real estate absorption rate. At a sales rate of 22 sales per month in the city, that figures to 12.9 months of inventory on the market. Absorption rates help us analyze the supply and demand of inventory by using recent sales rate compared to current  inventory in a given area. What we continue to see in Leawood Kansas is too little demand for the amount of inventory that’s on the market. Do keep in mind that we’re in an extremely slow time of year for real estate sales, especially considering we’re in the midst of one of the worst winter weather months in recent memory.

* 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. 1/20/10: corrected a typo in the Sold line.

One item I find very interesting is that the average list price the past 15 days was way below the average sales price over the same period. This is the first time I’ve seen that in a very long time in Leawood Kansas and it appears area home sellers are pricing their homes more aggressively in recent weeks. If you’re considering selling or buying a Leawood Kansas home, we can provide you detailed market stats on all subdivisions that interest you.  When you’re ready, please let me know how we can assist you.

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Posted by Jason A. Brown