Tag Archives: Olathe KS Real Estate Agents

Olathe Kansas Real Estate Market – January 2015 Update

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The Pulse Of The Kansas City Real Estate Market

Olathe Kansas Real Estate Update
Recent Real Estate Market Activity In Olathe KS

Using the 33 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 6.8 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Olathe. Be aware that the low sales rate due to the holidays often leads to a temporarily inflated months of inventory at this time of year. The average new listing the past 15 days came on the market around $241,000, while the average sales price during the same time period was around $264,000.

Type # Average $ Avg DOM
Listings Past 15 Days 47 $240,642 —
Total Active Listings 452 — —
Newest Contracts Written 55 $233,404 82
Sold (closed) Past 15 Days 33 $264,253 76

* 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 33 homes sold in Olathe Kansas were on the market an average of 76 days, while the 55 homes to go under contract during the same time period did so in 82 days on average. We can assist you with buying or selling a home in Olathe, so please contact The Jason Brown Group with all of your area real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling an Olathe Kansas home and buying an Olathe Kansas home.

Olathe Kansas Real Estate Information

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Listing Agents In Olathe Kansas

Buyer’s Agents In Olathe Kansas

Posted by Jason Brown

 

Olathe KS Real Estate Statistics * 15-Day Update On Olathe Kansas

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

City of Olathe Kansas Real Estate Update

Olathe KS Real Estate Market Stat <> 15-day Glance

Type

#

Average $

Avg DOM

–

Newest Listings

117

$212,622

–

View Newest Listings

Total Active Listings

967

–

–

–

Newest Under Contract

88

$194,237*

83

View Newest Under Contract

Newest Solds (Closed)

38

$221,117

35

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 9 AM on 2/24/09.

City Of Olathe Kansas

City Of Olathe Kansas

In the city of Olathe Kansas there continues to be more homes coming on the market than homes going under contract or than homes being sold (closed). This creates a further surplus of supply in Olathe. Using the past 15 days as a basis for figuring the absorption rate in Olathe Kansas, there’s almost 13.5 months months of inventory on the market on the market in Olathe. We saw significantly more home go under contract than homes closed, so if we use the under contract figure (rather than homes closed) as our basis for figuring the months of inventory, there is 5.5 months of inventory. If all of these pending homes can make it to closing, this would be very promising.

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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