Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Olathe KS
Recent 15 Days of Olathe Kansas Market Activity
After calculating the absorption rate over the past 15 days in the City Of Olathe Kansas, we find there’s 16.5 months of inventory on the market. This is very high and seeing just 31 sales over 15 days is a concern. To eat up more than 1,000 listings city-wide in Olathe, the sales pace is going to have to pick up. Fortunately the number of homes that went under contract (67) during the same 15-day period was better. If we assumed that all 67 of those home would make it closing and used that figure to calculate absorption rate, the results would be an improved 7.6 months on market .
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
116 | $215,706 |
– |
|
Total Active Listings |
1,023 |
– |
– |
|
Newest Contracts Written |
67 | $209,730 | 119 |
|
Newest Sold (Closed) |
31 | $257,415 | 136 |
* 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.
Let’s hope the homes we’re seeing go under contract make it all the way to closing so we can eat up a chunk of the available inventory. If your plans include selling or buying real estate in Olathe Kansas, please contact me to discuss your selling or purchase situation. I look forward to learning about your real estate objectives and assisting you with selling your current home or buying an Olathe area home. Please don’t hesitate to let me know if you need market stats on a specific Olathe subdivision.
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Posted by Jason A. Brown
