Category Archives: City Market Stats

Kansas City Market Statistics, Kansas City Real Estate Market Update

Leawood Kansas Real Estate Update * 15-Day Real Estate Summary For Leawood KS

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Leawood Kansas Real Estate Update

Leawood KS Real Estate Market Stats <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

45

$554,555

–

View Newest Listings

Total Active Listings

403

–

–

–

Newest Under Contract

18

$397,949*

147

View Newest Under Contract

Newest Solds (Closed)

10

$481,695

110

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled AM on 3/18/09.

Leawood Kansas

Leawood Kansas

In the city of Leawood Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Leawood KS. Using the past 15 days as a basis for figuring the absorption rate in Leawood, there is 20 months of inventory on the market.

There were more homes that went under contract than closed (over the 15-day period) and if we use those 18 homes as the basis, then there’s a little more than 11 months of inventory on the market in Leawood. Better of course but those homes still have to make it the closing table. Also keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Overland Park KS Real Estate Statistics * 15-Day Update For Overland Park Kansas

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Overland Park KS Real Estate Update

Overland Park Kansas Real Estate Market Stats <> 15-day Review

Type

#

Average $

Avg DOM

–

Newest Listings

192

$278,851

–

View Newest Listings

Total Active Listings

1,085

–

–

–

Newest Under Contract

87

$231,349*

77

View Newest Under Contract

Newest Solds (Closed)

64

$265,049

39

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the PM on 3/10/09.

Overland Park Kansas

Overland Park Kansas

In the city of Overland Park Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Overland Park KS. Using the past 15 days of homes closed (64) as a basis for figuring the absorption rate in Overland Park, there’s about 8.5 months of inventory on the market.

There were more pending sales than homes that actually closed and that looks promising. If we use the 87 Pending sales over the past 15 days as the basis for figuring the absorption rate in Overland Park, there’s a little over 6 months of inventory on the market in Overland Park. Do keep in mind that a 15-day period is a small sampling of market activity and designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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North Kansas City Real Estate Stats * 15-Day Update On The North Kansas City School District Area

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

Northland Kansas City Real Estate Update

Areas In North Kansas City School District <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

119

$176,554

–

View Newest Listings

Total Active Listings

938

–

–

–

Newest Under Contract

83

$82,863*

99

View Newest Under Contract

Newest Solds (Closed)

60

$130,898

40

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled on 3/4/09 in the AM.

Northland Kansas City Missouri

Northland Kansas City Missouri

In the North Kansas City area there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). But the number of contracts pending (83) is closing the gap on the number of new listings (119) which is a good sign. Using the past 15 days of Sold homes as a basis for figuring the absorption rate in North Kansas City, there’s a little less than 8 months of inventory on the market within the area that is served by the North Kansas City School District. 

Keep in mind that a 15-day period is a small sampling of North Kansas City market activity. It’s designed to look at the what’s going on now in the current real estate market and while a 15-day period could indicate a trend forming, it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Olathe KS Real Estate Statistics * 15-Day Update On Olathe Kansas

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Olathe Kansas Real Estate Update

Olathe KS Real Estate Market Stat <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

117

$212,622

–

View Newest Listings

Total Active Listings

967

–

–

–

Newest Under Contract

88

$194,237*

83

View Newest Under Contract

Newest Solds (Closed)

38

$221,117

35

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled 9 AM on 2/24/09.

City Of Olathe Kansas

City Of Olathe Kansas

In the city of Olathe Kansas there continues to be more homes coming on the market than homes going under contract or than homes being sold (closed). This creates a further surplus of supply in Olathe. Using the past 15 days as a basis for figuring the absorption rate in Olathe Kansas, there’s almost 13.5 months months of inventory on the market on the market in Olathe. We saw significantly more home go under contract than homes closed, so if we use the under contract figure (rather than homes closed) as our basis for figuring the months of inventory, there is 5.5 months of inventory. If all of these pending homes can make it to closing, this would be very promising.

Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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Shawnee Kansas Real Estate Statistics * 15-Day Update On Shawnee KS

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Shawnee Kansas Real Estate Update <> 15-day Glance

Shawnee KS Real Estate Market Stats

Type

#

Average $

Avg DOM

–

Newest Listings

61

$250,539

–

View Newest Listings

Total Active Listings

490

–

–

–

Newest Under Contract

32

$223,578

64

View Newest Under Contract

Newest Solds (Closed)

9

$207,974

37

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days. Stats were pulled 7 AM on 2/17/09.

In the city of Shawnee Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply of homes in Shawnee. Using the past 15 days of sales as a basis for figuring the absorption rate in Shawnee KS, there’s more than 2 years of inventory on the market. If we use the Pending sales as the basis for calculating the absorption rate, the numbers look better and there is less than 8 months of inventory. Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market.

While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend. The fact that the pending sales have picked up is a good sign and if most of them make it to the closing table then that certainly will be promising. Note that the average sales price was about $208,000 and the average listed price of the homes that went under contract was around $224,000. Both figures are lower than the average list price of the new listings we saw, which was around $250,000.

Posted by Jason A. Brown

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Overland Park KS Real Estate Statistics * 15-Day Update On Overland Park Kansas

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Overland Park Kansas Real Estate Update <> 15-day Glance:

Overland Park KS Real Estate Market Stats

Type

#

Average $

Avg DOM

–

Newest Listings

133

$313,622

–

View Newest Listings

Total Active Listings

1,010

–

–

–

Newest Under Contract

59

$226,811*

72

View Newest Under Contract

Newest Solds (Closed)

39

$266,753

59

View Newest Solds

 

In the city of Overland Park Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Overland Park. Using the past 15 days as a basis for figuring the absorption rate in Overland Park, there is just about 12.9 months of inventory on the market.  Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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*Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days. Stats were pulled at 9 AM on 2/11/09.

Johnson County Kansas Real Estate Update * 15 Days Of Johnson County KS Statistics

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

Johnson County Kansas Real Estate Update <> 15-day Glance:

Johnson County KS Real Estate Market Stats

Type

#

Average $

D.O.M.

–

Newest Listings

446

$309,815

–

View These Listings

Total Active Listings

3,883

–

–

–

Newest Pending

148

$240,211*

89

View These Pendings

Recently Sold (Closed)

124

$243,186

58

View These Solds

* Average Newest Pending 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days. Stats pulled AM on 2/4/09. 

Johnson County KS

Johnson County KS

In Johnson County Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply. Using the past 15 days as a basis for figuring the absorption rate in Johnson County Kansas, there is about 15 and a half months of inventory on the market in Johnson County. 

Keep in mind that a 15-day period is a small sampling of market activity and designed to look at the what’s going on in the short term in our real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend. For example, with the spring real estate market around the corner, if there were 250 sales in a 15-day period then it would calculate to about 8 months of inventory (under the assumption there’s the same number of listings on the market).

Posted by Jason A. Brown

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Lenexa KS Real Estate Update * 15-days Of Lenexa Kansas Market Stats

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Lenexa Kansas Real Estate Update <> 15-day Glance:

Lenexa KS Real Estate Market Stats

Type

#

Average $

D.O.M.

–

Newest Listings

15

$302,746

–

View These Listings

Total Active Listings

333

–

–

–

Newest Pending

6

$229,442*

108

View These Pendings

Recently Sold (Closed)

4

$301,125

83

View These Solds

* Average Newest Pending 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days. Stats were pulled at 9 AM on 1/27/09. 

In the city of Lenexa KS there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Lenexa Kansas. Using the past 15 days as a basis for figuring the absorption rate in Lenexa, there is just shy of 4 years of inventory on the market. There simply needs to be more than four sales in a 15-day period to get the months of inventory down. Of course a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. 

While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend. For instance, if we use the sales over the past 60 days (rather than the past 15 days), It calculates to about 16 months of inventory on the market in Lenexa. Much better numbers, yet still too high, and hopefully the spring market will work off a bunch of the listing inventory.

Posted by Jason A. Brown

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Leawood Kansas Real Estate Update * 15-days Of Leawood KS Market Stats

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Leawood KS Real Estate Update <> 15-day Glance:

Leawood Kansas Real Estate Market Stats

Type

#

Average $

D.O.M.

–

Newest Listings

45

$544,999

–

View These Listings

Total Active Listings

364

–

–

–

Newest Pending

4

$234,625*

206

View These Pendings

Recently Sold (Closed)

5

$428,951

22

View These Solds

* The average price of the Newest Pending is the list price of the home when it went under contract – actual contract and/or sales price unknown until post-closing reporting. Notes: Information pulled from Heartland MLS and deemed reliable but not guaranteed. If there is a low sampling of homes in any particular category, an average can be easily skewed high or low by an unusually high or low sale during the 15-day period. D.O.M. is Days On Market.Note the date of the post as market stats quickly become outdated. Depending on when the stats were pulled the stats may not be an exact 15 days. Stats pulled at 9 AM on 1/20/09.

In the city of Leawood Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply. Using 5 sales every 15 days as my basis to figure the absorption rate in Leawood KS, there’s three years of inventory on the market in the city. That’s startling, so I decided to look at the past 60 days of sales to provide a broader sales rate time frame.

In the past 60 days there were 45 sales in the city of Leawood. At that rate of sales the absorption rate is closer to 16 months of inventory. Still a lot, but much better than the 15-day trend. I always point out that a 15-day period is a small sampling of market activity and designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend. The low number of sales in Leawood in the past 15 days is something to watch and we’ll check the stats in Leawood again next month.

Posted by Jason A. Brown

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Olathe KS Real Estate Update * 15-days Of Olathe Kansas Market Stats

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Olathe KS Real Estate Update <> 15-day Glance:

Olathe Kansas Real Estate Market Stats

Type

#

Average $

D.O.M

–

Newest Listings

125

$181,717

–

View These Listings

Total Active Listings

975

–

–

–

Newest Pending

34

$283,975*

108

View These Pendings

Recently Sold (Closed)

41

$200,975

40

View These Solds

* The average price of the Newest Pending is the list price of the home when it went under contract – actual contract and/or sales price unknown until post-closing reporting. Notes: Information pulled from Heartland MLS and deemed reliable but not guaranteed. If there is a low sampling of homes in any particular category, an average can be easily skewed high or low by an unusually high or low sale during the 15-day period. Note the date of the post as any market stats quickly become outdated. Depending on when the stats were pulled the stats may not be an exact 15 days. D.O.M is Days On Market.
 

In the city of Olathe there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in the city of Olathe. Using the past 15 days as a basis for figuring the absorption rate in Olathe, there is just shy of 12 months of inventory on the market. Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on short term in the current Olathe real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate market’s long-term trend.

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Posted by Jason A. Brown

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