Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Shawnee Kansas
Recent 15 Days of Shawnee KS Market Activity
I calculated the city of Shawnee’s real estate absorption rate using the past 15 days of market stats. I then compared that absorption rate against the current volume of homes for sale in Shawnee Kansas. What I found is a very high 19.5 months of inventory currently on the market. The sales rate we saw the past 15 days – of just 4.5 closing a week for the entire city – is very slow. The sales pace needs to pick up to eat more quickly into the 350+ homes for sale in Shawnee.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
35 | $215,737 |
– |
|
Total Active Listings |
352 |
– |
– |
|
Newest Contracts Written |
20 | $222,676 | 112 |
|
Newest Sold (Closed) |
9 | $214,394 | 102 |
* 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.
The Pending sales over the same 15 day period was better, with 20 homes going under contract. But even if we assume all those homes will make it to the closing table (and used that figure to calculate the absorption rate), there’s still 8.8 months of inventory on the market in Shawnee KS. If you are planning to buy or sell a home in Shawnee, please contact me to discuss your buying or selling situation. I look forward to learning about your real estate objectives and helping you make it happen.
View More Real Estate Stats On Shawnee
View All Listed Shawnee Homes For Sale
Shawnee Kansas
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Posted by Jason A. Brown
