Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Shawnee Kansas
15 Day Glance At The Shawnee KS Real Estate Market

After calculating the absorption rate over the past 15 days in Shawnee Kansas, we find the city has 12.1 months of inventory currently on the market. This amount of inventory represents a buyer’s market in Shawnee Kansas. Slow sales (closings) are to be expected at this time of year, since most of the home closings will reflect contracts written during the holiday season. An interesting aspect of these stats is the 39 homes that went under contract the past 15 days. That’s a huge number for the city of Shawnee. If we were to use that sales rate (assuming all of them will close) to recalculate the months of inventory on the market in Shawnee, it would be a much improved 4.1 months of inventory on the market.

* 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 was $168,572, while the average price of the new listings to hit the market was $230,371. If you are making plans to buy or sell a home in Shawnee Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Shawnee KS home or with buying a Shawnee KS area home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown