Leawood Kansas Real Estate Update – September 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Leawood Kansas
Recent
15 Days of Leawood KS Market Activity

After calculating the absorption rate over the past 15 days in Leawood Kansas and comparing it to the volume of homes currently for sale in the city, we find that there’s 14.6 months of inventory on the market. This is the highest I’ve seen in Leawood Kansas and a pace of 26 home sales a month is doing little to eat into the 380 homes current for sale. The days on market is also creeping higher with the average home that closed the past 15 days taking 238 to sell.

Type

#

Average $

Avg DOM

Listings Past 15 Days

47
$643,742

Total Active Listings

380

Newest Contracts Written

25
$488,104 152

Newest Sold (Closed)

13
$558,608 238

* 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 your real estate plans include buying or selling a home in Leawood Kansas, looking at the area market stats is vital to your success. I spend a lot of time out in our local real estate communities and I look forward to sharing the information I have to help you achieve your real estate goals. Please let me know how I can assist you with buying or selling a home in Leawood Kansas.

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Posted by Jason A. Brown