Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Olathe Kansas
Recent 15 Days of Olathe KS Market Activity
The past 15 days of market stats in Olathe KS (see chart below), indicates there’s 14.5 months of standing inventory. Absorption rates allow us to compare the supply and demand of homes in Olathe Kansas. 14.5 months of inventory is extremely high but also consider that 15 days of market stats does not tell the whole story. These stats are just a snapshot of whats going on recently in Olathe Kansas. Also, the slow sales rate we’ve seen can be partly attributed to the poor weather we’ve seen in the region dating back to the end of 2009. But we also must consider that a 60-sale per month pace is going to do little to eat up the 869 homes on the market — especially when you consider the pace at which new listings are hitting the market in Olathe (165 in the past 15 days alone).
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
165 | $230,194 |
– |
Total Active Listings |
869 |
– |
– |
Newest Contracts Written |
108 | $213,962 | 98 |
Newest Sold (Closed) |
30 | $237,529 | 92 |
* 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 we were to assume that the 108 homes that went under contract would all close (they won’t), the months of inventory would be a greatly improved 4.0 months of inventory. That would be just fine in our current market. If we were to use a full 12 months of Olathe Kansas real estate sale’s history (2,066 homes sold) to calculate the absorption rate, the months of inventory in Olathe would calculate to 5.1 months.
If you’re considering purchasing or selling an Olathe home, I’ll look forward to showing you the market stats specific to your area of interest. We look forward to providing an elite level of commitment to help you make the most informed real estate decisions.
View Past Real Estate Stats On Olathe KS
Buyer’s Agents In Olathe Kansas
Seller’s Agents In Olathe Kansas
View All Listed Olathe Homes For Sale
Olathe Kansas Real Estate
Olathe Kansas Tip of the Day…
View The Olathe Citizen’s Survey
Posted by Jason A. Brown