Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of Shawnee Kansas market statistics (see chart below), we can figure the absorption rate in  Shawnee to be 10.4 months of inventory on the market. This is high and indicates there’s too much supply for the current demand we’re seeing. Keep in mind this is a slow time of years for sales and looking at 15 days of market stats is simply a glance at what’s going on in Shawnee. Market stats can also change quickly and if all 24 Pending sales were to close (and we used that figure instead to figure the absorption rate), there would be 6.5 months of inventory on the market. So things can change quickly.

* 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.

The average sales price of $243,250 is solid compared to the average list price of $255,172 over the same period. I am concerned that the 24 homes that went under contract had an average list price of $225,247. If you’re considering selling or buying a Shawnee Kansas home, you’ll need more than just 15 days of market stats. You’ll also need market stats specific to the area that most interests you. Real estate is certainly LOCAL, so never rely solely on city-wide statistics when making a buying or selling decision. Please let me if you need personalized real estate information.

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Posted by Jason A. Brown