Lenexa Kansas Real Estate Update – May 2010

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

Using the past 15 days of Lenexa Kansas market stats in the chart below, there’s currently 5.25 months of inventory on the market in Lenexa. This is decent in our current real estate market. However, it’s the sale prices that are a concern here. The average seller the past 15 days believes their home is worth $365,000 while the average home sold over the same period in Lenexa was around $261,000 — more than a $100,000 difference. The 38 homes that wend Pending had an even lower average list price ($247,672) when they went under contract.

Type
#
Average $
Avg CDOM
Listings Past 15 Days
40 $365,196
Total Active Listings
315
Newest Contracts Written
38 $247,672 169
Newest Sold (Closed)
30 $261,480 187

* 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. CDOM = Continuous Days On Market.

If you’re interested in buying or selling a home in Lenexa Kansas, we’d look forward to assisting you. As your Lenexa Kansas Realtor we’ll get you the market information to make an informed real estate decision. Please let me know how we can assist you with your Lenexa KS real estate needs.

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Posted by Jason A. Brown