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

City of Olathe KS Real Estate Update
Past 15 Days of Olathe Kansas Real Estate Stats

* 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.

Olathe Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Olathe Kansas, there’s currently 7.05 months of inventory on the market. This is higher than that’s what we’re seeing in Johnson County Kansas as a whole.  However, as we’ve also been seeing in other cities over the past several months, the number of contracts being written is higher than homes sold over the given period – which is a promising trend.

In Olathe, there were 37 more contracts written than homes closed (went under contract at some point previously). If we use the number of contracts pending (rather than solds) to figure the absorption rate, there’s 4.5 months of inventory on the market in Olathe. Of course, all those homes with contracts written would have to make it closing, which is never likely. Looking at 15 days of market stats is a small snap shot of Olathe Kansas local activity. Market conditions certainly vary greatly from one subdivision to another, so don’t take just a macro look at market activity. when making your real estate decisions. Contact me to obtain detailed market stats on the area that interests you.

View Past Olathe Kansas Real Estate Stats

Olathe Kansas Buyer’s Agents

Olathe Kansas Listing Agents

View All Olathe Kansas Homes On Kansas City MLS

Posted by Jason A. Brown

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