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 |
– |
|
|
Total Active Listings |
938 |
– |
– |
– |
|
Newest Under Contract |
83 |
$82,863* |
99 |
|
|
Newest Solds (Closed) |
60 |
$130,898 |
40 |
* 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 Note the date of this post as market stats become outdated.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
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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