Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market
City of Leawood KS Real Estate Update
Past 15 Days of Leawood Kansas Real Estate Stats
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
26 | $574,863 |
– |
Total Active Listings |
363 |
– |
– |
Newest Contracts Written |
18 | $308,531 | 57 |
Newest Sold (Closed) |
23 | $429,886 | 174 |
* 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.
Leawood KS
Using these past 15 days of market stats to figure the absorption rate in Leawood Kansas, there’s currently 7.9 months of inventory on the market. That’s deep into a buyer’s market in Leawood Kansas and the problem is there’s simply too many homes on the market (363) when compared to the number of homes being sold (23 the past 15 days). Setting aside the number of homes for sale and looking at just the past 15 days of market stats , those numbers are a little better — there were almost as many homes sold as homes coming on the market. Also, the days on market of the homes that sold was 174 but the 18 homes that went under contract did so in an improved 57 days. Still, there needs to be more sales to divide into the 363 available homes to make the Leawood real estate market more stable.
The average sales price is also a concern in Leawood KS as the new listings had an average list price around $145,000 higher than the average sales price seen during the same time period. Do keep in mind that looking at 15 days of market stats is a small snap shot of local activity. Market conditions vary greatly from one subdivision to another within Leawood Kansas and you should seek market stats that are specific to the area you are looking to buy or sell real estate.
View Past Leawood Kansas Real Estate Stats
View All Leawood Kansas Homes For Sale On Kansas City MLS
Posted by Jason A. Brown
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