Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Prairie Village
Recent 15 Days of Prairie Village KS Market Activity
After calculating the absorption rate over the past 15 days in Prairie Village, we can determine there’s currently 12.1 months of inventory on the market. This is high and clearly represents a buyer’s market in the city of Prairie Village. If we were to use the 18 homes that went under contract the past 15 days (assuming they all will close), the months of inventory would re-calculate to 5.4 months. That would be considered a stable real estate market and home sellers are hoping the current rate of homes going under contract continues into the fall.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
19 | $241,784 |
– |
|
Total Active Listings |
194 |
– |
– |
|
Newest Contracts Written |
18 | $236,192 | 87 |
|
Newest Sold (Closed) |
8 | $206,125 | 63 |
* 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 goals involve buying or selling a home in the Prairie Village or surrounding area, please contact me for assistance. We look forward to guiding you through the process and in representing your best interests. Please let us know whenever you need more specific market statistics or stats on a specific area within Prairie Village.
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Posted by Jason A. Brown
