Leawood Kansas Real Estate Update – March 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Leawood KS
Recent
15 Days of Leawood Kansas Market Activity

Using the past 15 days of market stats to figure the absorption rate in Leawood Kansas, there’s 4.9 months of inventory currently on the market. This is the best I can recall seeing in the city of Leawood in more than a year. An average of 60+ closings per months really is an excellent rate over the past couple of weeks. Keep in mind this just a snap shot of Leawood Kansas activity. Also, although the months of inventory is a good sign, the average sale price were seeing ($374,606) is well off the pace of what recent sellers are hoping to get out of their homes in Leawood ($423,577). The average sales price of the homes that went under contract during the past 15 days is solid and very close to the sales price of the 51 homes that recently came on the market.

Type
#
Average $
Avg DOM
Listings Past 15 Days
51 $423,577
Total Active Listings
307
Newest Contracts Written
25 $429,636 162
Newest Sold (Closed)
31 $374,606 84

* The Average $ of Newest Contracts 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 results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

If you’re considering selling or buying a home in Leawood Kansas, you’ll need more than just 15 days of market stats.  You’ll want 6 months or more worth of stats and you’ll want them on the community that interests you most.  As your local Leawood Kansas Realtor, I look forward to assisting you.

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Posted by Jason A. Brown