Kansas Home Sales Prices Continue To Rise Despite Dip In Home Sales Volume

Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtor market stats, covering home sale activity for Kansas during November, indicate home sales volume fell 7.1%. This slow down comes after a 3.5% increase in homes sales at last month’s check. The fall in home sales should not come as too big of a surprise however given how hot the market at this time last winter, which is what our current market is being compared against.

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Overall in the state of Kansas, we remain in a balanced real estate market with 5.8 months of inventory on the market. This is up slightly from last months 5.5 months of inventory. While home sales volume fell this month, average home sale prices continue to rise. Compared to last November, home sales prices increased 11.3%, which follows up last month’s 8.4% increase.  

Locally in the Johnson County Kansas, a seller’s real estate market continues with 578 homes sold (closed) during the past month. Compared to the current volume of homes for sale in Johnson County Kansas, we have 3.2 months of inventory currently for sale.

CONTACT THE JASON BROWN GROUP ABOUT BUYING OR SELLING A HOME IN KANSAS CITY, JOHNSON COUNTY KS, OVERLAND PARK OR THE SURROUNDING AREA


Posted by Jason Brown

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Leawood Kansas Real Estate Update – November 2011

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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Leawood Kansas Real Estate Update – September 2010

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

After calculating the absorption rate over the past 15 days in Leawood Kansas and comparing it to the volume of homes currently for sale in the city, we find that there’s 14.6 months of inventory on the market. This is the highest I’ve seen in Leawood Kansas and a pace of 26 home sales a month is doing little to eat into the 380 homes current for sale. The days on market is also creeping higher with the average home that closed the past 15 days taking 238 to sell.

Type

#

Average $

Avg DOM

Listings Past 15 Days

47
$643,742

Total Active Listings

380

Newest Contracts Written

25
$488,104 152

Newest Sold (Closed)

13
$558,608 238

* 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 your real estate plans include buying or selling a home in Leawood Kansas, looking at the area market stats is vital to your success. I spend a lot of time out in our local real estate communities and I look forward to sharing the information I have to help you achieve your real estate goals. Please let me know how I can assist you with buying or selling a home in Leawood Kansas.

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Posted by Jason A. Brown