Tag Archives: Lenexa Kansas Homes For Sale

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

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

City of Lenexa KS Real Estate Update

Lenexa Kansas Real Estate Market Statistics <> 15-day Overview

Type

#

Average $

Avg DOM

–

Newest Listings

44

$348,676

–

View Newest Listings

Total Active Listings

338

–

–

–

Newest Under Contract

17

$249,990*

144

View Newest Under Contract

Newest Solds (Closed)

12

$237,350

180

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 Note the date of this post as market stats become outdated.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 3/25/09.

In the city of Lenexa 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 Lenexa KS. Using the past 15 days as a basis for figuring the absorption rate in Lenexa, there’s just about 14 months of inventory on the market. If we use the 17 homes that went pending (rather than the 12 closings) to figure the absorption rate, then there’s a little less than 10 months of inventory on the market in Lenexa.

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

Posted on by

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

Comments Can Be Left Below…
Don’t see the LEAVE A COMMENT section below? 
Click on the headline at the top of this blog post.