Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Overland Park Kansas Real Estate Market Stats – July 2012 Update

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Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park KS

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 3.2 months of inventory currently on the market. This amount of inventory indicates a continuation of the seller’s real estate market in the city of Overland Park. The average home sold the past 15 days was on the market 66 days and the average sales price was nearly $271,000.

Type # Average $ Avg DOM
Listings Past 15 Days 180 $319,831 —
Total Active Listings 806 — —
Newest Contracts Written 123 $255,888 66
Sold (closed) Past 15 Days 127 $270,786 87

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The pending sales also continued at a brisk pace, with 123 homes going under contract the past 15 days. We work daily assisting Overland Park Kansas home buyers and home sellers with achieving their real estate goals. If you’re considering purchasing or selling a home the Overland Park area, my real estate group looks forward to assisting you. Get more details here regarding selling an Overland Park home or buying an Overland Park home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Reduced Volume Of Shadow Inventory Is Good News For Kansas City Home Sellers

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Shadow inventory is a combination of foreclosure listings that haven’t yet hit the market and seller’s who are behind 90+ days on their mortgage payments. In other words, these are the distressed homes that are VERY likely to be on the market in the near future. As such, they need to be factored into the equation when evaluating how the housing market is doing. While home sellers may view shadow inventory as a good thing in the short-term (because it’s fewer homes on the market now), overall these listings are bad news because most of them WILL eventually hit the market. 

A report by CoreLogic shows that shadow inventory stands at a 5 month supply, down from 6 months of shadow inventory a year ago and the current figure is well below the 8.4 months of shadow inventory at the January 2010 peak. Despite the improvements in shadow inventory, home prices have continued to decline nationally, according to the CoreLogic report. But that is sure to change if improvements like the reduction in shadow inventory continue.


Posted by Jason Brown

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Olathe Kansas Real Estate Market Stats – July 2012 Update

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Olathe Kansas Real Estate Update
Recent Real Estate Activity In Olathe Kansas

Using the past 15 days of real estate sales activity in Olathe Kansas to calculate the city’s absorption rate, we find there’s 3.1 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Olathe. These stats show there’s been no slow down in the brisk pace of home buyers eating up the standing inventory. The stable demand for homes is music to Olathe home sellers ears. Just as impressive, the average sales price the past 15 days exceeded the average new listing price.

Type # Average $ Avg DOM
Listings Past 15 Days 133 $217,517 —
Total Active Listings 704 — —
Newest Contracts Written 124 $226,291 123
Sold (closed) Past 15 Days 112 $226,615 129

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The number of homes that went under contract this past week was also impressive with another 124 homes removed from the available inventory. We help Olathe KS home buyers and home sellers and if you’re considering purchasing or selling a home the Olathe area, my group can provide you expert guidance through your real estate transaction. Get details regarding selling an Olathe Kansas home and with buying an Olathe Kansas home.  Contact us with any real estate questions you may have.

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Posted by Jason Brown

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Lenexa Kansas Real Estate Market Stats – June 2012 Update

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Lenexa Kansas Real Estate Update
Recent Real Estate Activity In Lenexa KS

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 5.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Lenexa. The average sales price of the homes sold (closed) the past 15 days in Lenexa was nearly $255,000 and the average new listing came on the market at virtually the same price.

Type # Average $ Avg DOM
Listings Past 15 Days 43 $254,898 —
Total Active Listings 246 — —
Newest Contracts Written 35 $264,837 74
Sold (closed) Past 15 Days 21 $254,644 134

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 21 homes sold in Lenexa were on the market an average of 134 days, while the last 34 homes to go under contract did so in a much quicker average of 74 days. We help Lenexa Kansas home buyers and home sellers and if you’re considering purchasing or selling a home the Lenexa area, my group can provide you expert guidance through the real estate process. Get more details here regarding selling a Lenexa home or buying a Lenexa Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Leawood Kansas Real Estate Market Stats – June 2012 Update

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Leawood Kansas Real Estate Update
Recent Real Estate Activity In Leawood KS

Using the past 15 days of real estate sales activity in Leawood Kansas to calculate the city’s absorption rate, we find there’s 4.2 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Leawood. This is the first time we’ve seen a seller’s market in the city of Leawood in several years. The last 33 homes to sell in Leawood were on the market an average of 84 days.

Type # Average $ Avg DOM
Listings Past 15 Days 49 $479,982 —
Total Active Listings 276 — —
Newest Contracts Written 31 $454,031 86
Sold (closed) Past 15 Days 33 $393,819 84

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The average sales price the past 15 days in Leawood was nearly $394,000, while the average new listing came on the market around $454,000. We help Leawood Kansas home buyers and home sellers every day and if you’re considering purchasing or selling a home the Leawood area, my real estate group is ready to assist you. Get more details here regarding selling a Leawood home and buying a Leawood home. If you need help today, please fill out this form to request assistance.

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Posted by Jason Brown

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For The First Time In Years, Johnson County Kansas Is Settling Into A SELLER’S Real Estate Market

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The April housing market stats for Kansas have been posted by the Kansas Association of Realtors and indicate continued improvement in both the home sales rate and increasing home sale prices. State-wide, home sales rose 3.2% compared to April of 2011, which follows last month’s 11.6% jump. Nationally, home sales increased an average of a 10%, an indication the housing market is improving nationally as well. 

Average sales prices had another big jump, rising 8.7% in April… this coming after last months 10.5% increase. Using April’s sales rate compared against the volume of homes for sale, there’s 6.4 months of real estate inventory on the market across the state. This amount of inventory has moved the state of Kansas from a buyer’s market into a balanced real estate market for the first time in years.

Looking locally at the Johnson County Kansas real estate market stats, April was another solid month for home sellers. There were 747 homes sold during the month and comparing that sales rate to the current volume of homes for sale in Johnson County Kansas, there’s 4.1 months of inventory on the market. This is an improvement from 4.7 months of inventory on the market when we checked about a month ago in Johnson County KS. This amount of inventory continues last months jump into a seller’s real estate market in Johnson County.


Posted by Jason Brown

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Overland Park Kansas Real Estate Market Stats – June 2012 Update

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Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 2.9 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Overland Park and it’s the lowest amount of inventory I’ve seen in the city in several years. The last 132 homes sold in Overland Park were on the market an average of just 85 days.

Type # Average $ Avg DOM
Listings Past 15 Days 187 $277,368 —
Total Active Listings 780 — —
Newest Contracts Written 151 $285,297 89
Sold (closed) Past 15 Days 132 $269,998 85

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The current pending home sales the past 15 days has outpaced the homes sold (closed), so the amount of inventory is likely to become even more favorable for Overland Park home sellers in the near future. We assist Overland Park Kansas home sellers and home buyers every day, so if you’re considering purchasing or selling a home the Overland Park area, contact my real estate group for assistance. Get more details here regarding selling an Overland Park home or buying an Overland Park home. If you have questions, contact us here.

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Posted by Jason Brown

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Merriam Kansas Real Estate Market Stats ~ Homes For Sale In Merriam Kansas

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Merriam Kansas Real Estate Stats
Merriam KS Market Update

The Merriam Kansas market stats dating back a year to June 2011 reflect 122 homes Sold (closed) during the year period. The average sales price in Merriam Kansas was $124,464 and the city saw sales prices ranging from $25,000 to $215,000 over the 12-month period.

Merriam Kansas

Merriam Kansas

Comparing the 60 Active homes for sale in Merriam Kansas to the demand for homes the past year in the city, there’s 5.9 months of inventory on the market. This amount of inventory indicates a balanced real estate market in Merriam Kansas. The average current list price of $153,985 is higher than the average sales price ($124,464) the past 12 months in Merriam. The Merriam Kansas area includes parks, shopping and dining amenities and is located near access to I-35 Highway.

Merriam Kansas is located in northeast Johnson County Kansas and is served by the Shawnee Mission School District. If your plans include buying or selling a home in Merriam Kansas or in the surrounding Johnson County Kansas area, my group can guide you through the real estate process.

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contact a real estate agent Posted by Jason Brown

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Shawnee Kansas Real Estate Market Stats – June 2012 Update

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Shawnee Kansas Real Estate Update
Recent Real Estate Activity In Shawnee Kansas

Using the past 15 days of real estate sales activity in Shawnee Kansas to calculate the city’s absorption rate, we find there’s 3.5 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Shawnee.  Shawnee Kansas continues to make a solid market rebound and if the current sales rate continues, it’s likely the market stats will show rising sales prices in the coming months. The average sales price of the last 48 homes to close in Shawnee was nearly $207,000 and those sales had an average of 86 days on market.

Type # Average $ Avg DOM
Listings Past 15 Days 54 $250,512 —
Total Active Listings 335 — —
Newest Contracts Written 54 $184,722 73
Sold (closed) Past 15 Days 48 $206,792 86

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

There was a modest 54 new listings to hit the market the past 15 days and the average new listing came on the market at just over $250,000. We assist Shawnee Kansas home buyers and home sellers every day and if you’re considering purchasing or selling a home the Shawnee area, please contact my real estate for assistance. Find more information here about selling a Shawnee Kansas home and buying a Shawnee Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Gardner Kansas Real Estate Market Stats ~ Gardner Kansas Homes For Sale

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Gardner Kansas Real Estate Stats
Gardner KS Market Update

The Gardner Kansas market stats dating back a year to June 2011 reflect 297 homes Sold (closed) during the year period. The average sales price in Gardner Kansas was $147,039 and the city saw sales prices ranging from $25,949 to $405,000 over the 12-month period.

Gardner Kansas

Gardner Kansas

Comparing the 155 Active homes for sale in Gardner Kansas to the demand for homes the past year in the city, there’s 6.3 months of inventory on the market. This amount of inventory indicates a buyer’s real estate market in Gardner Kansas but is nearing a balanced real estate market. The average current list price of $173,991 is higher than the average sales price ($147,039) the past 12 months in Gardner. Gardner Kansas area is located within close proximity to parks, shopping and dining amenities and near access to I-35 Highway.

Gardner Kansas is located in southwest Johnson County Kansas and is served by the Gardner-Edgerton School District. If your plans include buying or selling a home in Gardner Kansas or in the surrounding Johnson County Kansas area, my real estate looks forward to guiding you through the real process.

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contact a real estate agent Posted by Jason Brown

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