Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Lenexa Kansas
Recent 15 Days of Lenexa KS Market Activity
Using the stats below to calculate the absorption rate and compare it to the 356 homes currently for sale in Lenexa Kansas, there’s 11.9 months of inventory on the market in the city. This is high and a sale’s rate of around 30 sales per month is not adequate for the amount of inventory currently on the market. With just 22 homes going under contract in Lenexa over the past 15 days, I don’t expect the closings over the next 45 days to be much better.
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
41 | $248,651 |
– |
Total Active Listings |
356 |
– |
– |
Newest Contracts Written |
22 | $279,282 | 185 |
Newest Sold (Closed) |
15 | $230,821 | 190 |
* 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.
There were 41 additional listings hitting the market over the past 15 days, further saturating the market. We’ll need the sales rate to pick up if Lenexa is to avoid going over one year of inventory on the market. If you’re considering selling or buying a Lenexa KS home, you’ll want to see market stats specific to the subdivision in which you’re looking to buy or sell. Please contact me when you’re ready for personalized real estate assistance.
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Posted by Jason A. Brown