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, we find there’s 13.7 months of inventory on the market. As it has been for some time in Leawood Kansas, this is very high. Simply put, the short-term rate of sales is far too low when compared to the high amount of residential real estate inventory on the market in Leawood. The average sales prices of the homes that did sell was quite impressive though — averaging over $750,000 sales price the past 15 days in the city.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
23 | $417,983 |
– |
|
Total Active Listings |
355 |
– |
– |
|
Newest Contracts Written |
11 | $377,604 | 180 |
|
Newest Sold (Closed) |
13 | $759,966 | 158 |
* 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.
Closed sales in the coming month or two doesn’t project to be much better, with just 11 homes going under contract the past 15 days in the entire city of Leawood. When you consider that for half a month we didn’t average one home sale per day, it becomes clear that the market is an extremely challenging one for Leawood Kansas home sellers. Clearly in a buyer’s market, there’s a lot of great deals out their for home buyers — more than 350 homes for sale in Leawood in fact.
If you’ll be buying or selling a home in Leawood Kansas, please contact me to discuss your real estate situation. I’d look forward to helping you sell your Leawood Kansas home for as much as the market will bear and as quickly as possible. If you’re looking to buy an area home, I’ll help you by going over the available inventory, locating the perfect home and in representing your best interests all the way through the home buying process.
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Posted by Jason A. Brown
