Comparing Real Estate Markets From Kansas City To Overland Park To Olathe…

Checking The Pulse Of The Kansas City Real Estate Market

Many major real estate markets that I keep tabs on are in a buyer’s market. But a few market’s are still in what the “experts” consider a stable market. Most experts generally agree that a buyer’s market is when there’s between 5 to 7 months of inventory on the market. Less than  5 months of inventory is a Seller’s market and more than 7 months of inventory is a buyer’s market.

I usually take a snap shot look at one city or one subdivision at a time, so today I thought it would be interesting to take a look at several of our major metro cities for comparison purposes. The following chart uses the absorption rate over the past 6 months in each city to calculate the months of inventory. As expected, Overland Park is seeing a “stable” real estate market and is followed closely by Prairie Village Kansas and Olathe Kansas…

City

Active Listings

Months of Inventory

Overland Park KS 1,081 5.7
Prairie Village KS 183 6.2
Olathe KS 933 6.5
Shawnee KS 390 7.1
Leawood KS 321 7.2
Lenexa KS 297 7.6
Lee’s Summit MO 832 8.3
Kansas City MO 5,176 9.0

Posted by Jason A. Brown

Add to DeliciousAdd to DiggAdd to FaceBookAdd to Google BookmarkAdd to RedditAdd to StumbleUponAdd to TechnoratiAdd to Twitter