Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Leawood Kansas Real Estate Market Update – December 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Leawood Kansas, we find the city has 12.4 months of inventory currently on the market. This amount of inventory is considered a buyer’s market, though the slower sales rate we’ve seen is typical for the weeks leading up to the holiday season. The average sales price the past 15 days was $342,405 while the average new listing came on the market at $318,108.

Type # Average $ Avg DOM
Listings Past 15 Days 12 $318,108 –
Total Active Listings 272 – –
Newest Contracts Written 14 $374,400 132
Newest Sold (Closed) 11 $342,405 172

* 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 homes that sold in Leawood Kansas the past 15 days took an average of 172 days to do so. If you are making plans to buy or sell a home in Leawood Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Leawood Kansas home or with buying a Leawood Kansas 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

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Olathe Kansas Real Estate Market Update – December 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 8.2 months of inventory currently on the market. This amount of inventory indicates a buyer’s market in Olathe Kansas. When we checked Olathe’s market stats in October the city had 6.6 months of inventory. Although there were more homes on the market at that time in Olathe, the sales rate was 40% higher and thus eating quicker into the available inventory of homes. The past 15 days, the average new listing in Olathe came on the market at $202,601, while the average sales price over the same period was $194,613.

Type # Average $ Avg DOM
Listings Past 15 Days 71 $202,601 –
Total Active Listings 785 – –
Newest Contracts Written 57 $210,700 182
Newest Sold (Closed) 48 $194,613 176

* 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 home sold (closed) the past 15 days did so in 176 days. If you are making plans to buy or sell a home in Olathe Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Olathe KS home and with buying an Olathe KS home. Please contact us with any questions you may have and my group looks forward to assisting you.

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Posted by Jason Brown

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Shawnee Kansas Real Estate Market Update – December 2011

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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 19.6 months of inventory currently on the market. The low number of homes sold (closed) the past 15 days is the main cause for the high volume of inventory. The sales rate will need to improve from the 9 sales in 15 days that we just experienced if we are to eat quicker into the 353 homes for sale in Shawnee. The Thanksgiving holiday didn’t help, with 13 homes went under contract during the past 15 days.

Type # Average $ Avg DOM
Listings Past 15 Days 16 $194,159 –
Total Active Listings 353 – –
Newest Contracts Written 13 $163,508 82
Newest Sold (Closed) 9 $190,970 165

* 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 new listing came on the market at just over $194,000, which was in line with average sales prices during the same 15 day period. If you are making plans to buy or sell a home in Shawnee Kansas, The Jason Brown Group shares the market stats that will put you at an advantage in your real estate transaction. Here’s information on how we can assist you with selling your Shawnee KS home or with buying a Shawnee KS home. Please contact us with any questions you have and we look forward to assisting you.

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Posted by Jason Brown

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Overland Park KS Real Estate Market Update – November 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas and comparing it the current volume of homes for sale, we find the city has 8.0 months of inventory on the market. This amount of inventory is considered a buyer’s market. When we checked the Overland Park real estate stats almost a month a go, there was 6 months of inventory on the market. Since there’s actually fewer homes on the market now, the higher months of inventory on the market is due to a slowing sales rate — 82 homes were sold during the 15 day period earlier this month, compared to 58 sales during this most recent 15 day period.

Type # Average $ Avg DOM
Listings Past 15 Days 80 $283,187 –
Total Active Listings 928 – –
Newest Contracts Written 85 $238,154 133
Newest Sold (Closed) 58 $231,889 132

* 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 new listing the past 15 days in Overland Park came on the market at more than $283,000. The average sales price over the same period was just under $232,000. If you are making plans to buy or sell a home in Overland Park KS, my group can provide you the market information you need to make an informed decision and we’ll guide you through the real estate process. Here’s info on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please contact us with any questions you may have!

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Posted by Jason Brown

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Lenexa Kansas Real Estate Update – November 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Lenexa Kansas, we find the city has 7.7 months of inventory currently on the market. This amount of inventory indicates a continued buyer’s market in the city of Lenexa. The months of inventory however continues to be reduced. When we checked Lenexa’s October real estate stats, there was 11 months of inventory on the market. The improvement we’ve seen is due to fewer homes being on the market today and also on a slightly higher sales rate — both promising signs for Lenexa home sellers.

Type # Average $ Avg DOM
Listings Past 15 Days 16 $228,264 –
Total Active Listings 246 – –
Newest Contracts Written 18 $231,252 134
Newest Sold (Closed) 16 $219,521 130

* 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 homes that sold (closed) the past 15 days did so in an average of 130 days on market. The average list price the past 15 days was close $228,000, while the average new listing during the same period came on the market at nearly $220,000. If you are making plans to buy or sell a home in Lenexa Kansas, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Lenexa home or with buying a Lenexa home. Please contact my group with any questions you may have and we look forward to assisting you!

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Posted by Jason Brown

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Johnson County Kansas Real Estate Update – November 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Johnson County Kansas, we find the area has 10.2 months of inventory currently on the market. This amount of inventory is considered a buyer’s market. When we looked at Johnson County’s real estate stats in April, we found 7.1 months of inventory at that time. There’s fewer homes on the market now than there was in April, so the increase can be completely attributed to a slower sales rate — during the past 15 days 167 homes were sold (closed), while during the 15-day period back in April 274 homes sold.

Type # Average $ Avg DOM
Listings Past 15 Days 367 $287,296 –
Total Active Listings 3,499 – –
Newest Contracts Written 264 $238,285 136
Newest Sold (Closed) 167 $254,518 151

* 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 priced new listing to come on the market the past 15 days was in line with the average sales price over the same period. This will provide many Johnson County home buyers with excellent options to consider. The volume of homes that went under contract the past 15 days was an impressive 264 and if all those homes make it closing, it should go a long way towards reducing the months of inventory of homes on the market.

If you are making plans to buy or sell a home in Johnson County Kansas, my group will guide you through the home buying or home selling process. Here’s info on how we can assist you with selling a Johnson County Kansas home and with buying a Johnson County Kansas home.  Please contact us with questions!

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Posted by Jason Brown

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Leawood Kansas Real Estate Update – November 2011

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Checking The Pulse Of The Kansas City Real Estate Market

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

After calculating the absorption rate over the past 15 days in Leawood Kansas, we find the city has 6.6 months of inventory currently on the market. This is quite an improvement for the Leawood real estate market since the 12.1 months of inventory when we checked the Leawood real estate stats in September. The improvement is mostly due to a reduction down to 239 homes for sale in Leawood, which is down from 325 homes for sale back in September.

Type # Average $ Avg DOM
Listings Past 15 Days 26 $454,514 –
Total Active Listings 239 – –
Newest Contracts Written 20 $390,580 147
Newest Sold (Closed) 18 $331,107 118

* 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 18 homes that sold (closed) in Leawood did so in less than 4 months time, which is also an improvement over the nearly 6 months it was taking to sell homes to sell back in September. If you are making plans to buy or sell a home in Leawood Kansas, my group looks forward to guiding you through the process. Here’s information on how we can assist you with selling a Leawood home or buying a Leawood home. Please contact us with any questions you may have!

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Posted by Jason Brown

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Volume Of Home Sales In Kansas During September Outpaces Rest Of The U.S.

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The final September stats released by the Kansas Association of Realtors shows another huge improvement for the state of Kansas real estate market. Home sales rose 12.2% during the month compared to September of 2010. The volume of home sales across the state went from 2,205 last September to 2,473 in September of this year. The increase in sales is helping eat up housing inventory, thus reducing the supply of homes. That is key factor needed to stabilize house prices. Still, despite the increase in homes sales, the average sales price during the month of September did fall 0.4%. But this easily outpaced the rest of the U.S., where average sales price fell 3.5%.

Factoring in the 18,812 homes for sale in Kansas at the end of September against a sales rate of 2,473 homes sold (in September), we find 7.6 months of inventory on the market in Kansas at the end of September. This amount of inventory indicates a continuation of the buyer’s market in Kansas, making it a great time for buyers to get a great deal when buying a home. 

In Johnson County Kansas, the September stats look even better than across the state. 638 homes were sold in Johnson County Kansas during September and factoring that against the 3,597 homes currently for sale in Johnson County Kansas, it calculates to 5.6 months of inventory on the market in Johnson County. This amount of inventory is considered a balanced real estate market, meaning Johnson County continues to be one of the strongest real estate markets in the Kansas City area and across the state of Kansas. 


Posted by Jason Brown

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Overland Park Kansas Real Estate Update – November 2011

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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 6.0 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but not far from getting Overland Park into a balanced real estate market. Fewer homes have gone under contract the past 15 days than have sold (closed) and since all pending sales don’t close, that’s a trend worth tracking.

Type # Average $ Avg DOM
Listings Past 15 Days 101 $241,195 –
Total Active Listings 989 – –
Newest Contracts Written 77 $253,321 164
Newest Sold (Closed) 82 $276,392 130

* 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 home sold the past 15 days did so in just over 4 months time. The average sales price of more than $276,000 was higher than the average new listing to come on the market over the same period – which is a solid trend. Should you be making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s some information about how we can assist you with selling your Overland Park home and buying an Overland Park area home. Please contact us with any questions!

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Posted by Jason Brown

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Olathe Kansas Real Estate Update – October 2011

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

After calculating the absorption rate over the past 15 days in Olathe Kansas, we find the city has 6.6 months of inventory currently on the market. This is a reasonable volume of homes for sale in Olathe Kansas yet still high enough to indicate the presence of a buyer’s market.  Don’t overlook that, for the first time in a long time, the average sales price the past 15 days ($247,902) was higher than the average new listing to come on the market ($240,403) over the same 15-day period in Olathe.

Type # Average $ Avg DOM
Listings Past 15 Days 87 $240,403 –
Total Active Listings 886 – –
Newest Contracts Written 55 $234,692 140
Newest Sold (Closed) 67 $247,902 162

* 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 price of the homes that went under contract the past 15 days was solid at nearly $235,000. This is all promising news for Olathe home sellers as we head into what is traditionally the slow time of year for home sales. If you’re planning to buy or sell a home in Olathe Kansas, my group can provide you expert representation through the real estate process. Here’s info about how we can assist you with selling your Olathe KS home or with buying an Olathe KS home.  Please don’t hesitate to contact us with any questions! 

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Posted by Jason Brown

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