Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Leawood KS
Recent 15 Days of Leawood Kansas Market Activity
Using the past 15 days of real estate market stats in the chart below, the absorption rate is not looking great in Leawood Kansas. There were just 25 total sales (closed homes) in the entire city of Leawood over this 15 day period. The fact that just 11 homes went under contract – less than one per day – is even more concerning. Using the sold homes compared to the 379 homes currently on the market, there’s 7.6 months of inventory on the market. This is high and will get worse if the pace of homes with contract’s pending doesn’t pick up soon.
Type |
|
Average $ |
Avg DOM |
Listings Past 15 Days |
52 |
$574,986 |
– |
Total Active Listings |
379 |
– |
– |
Newest Contracts Written |
11 |
$640,759 | 127 |
Newest Sold (Closed) |
25 | $413,986 | 111 |
* 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 new listing the past 15 days came on the market about $160,000 higher than the average home sold for over the same period. At least the pending homes had a high average list price at the time they went under contract ($640,759). If buying or selling a home in Leawood Kansas or the surrounding area is in your future, please contact me for assistance. As your Leawood Kansas Realtor, I’ll get you the market information you need to make an informed real estate decision.
View Past Real Estate Stats On Leawood KS
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Posted by Jason A. Brown