Tag Archives: Prairie Village Homes For Sale

Prairie Village Kansas Real Estate Update – August 2011

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Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Prairie Village Kansas
15 Day Glance At The Prairie Village KS Real Estate Market

After calculating the absorption rate over the past 15 days in Prairie Village Kansas, we find the city has 5.8 months of inventory currently on the market. This amount of inventory indicates a slight buyer’s market in the Prairie Village area. The average price of the new listings was around $235,000 and the average price of the homes that sold was closer to $218,000.

Type # Average $ Avg DOM
Listings Past 15 Days 33 $234,623 –
Total Active Listings 186 – –
Newest Contracts Written 18 $188,139 107
Newest Sold (Closed) 16 $218,098 84

* 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.

If you are making plans to buy or sell a home in Prairie Village Kansas, we’ll guide you through the process. Here’s details about how we assist Prairie Village home sellers and Prairie Village home buyers. Please contact us with any questions you may have and we look forward to assisting you!

Prairie Village Kansas Relocation Information

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View Additional Real Estate Stats On Prairie Village

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Posted by Jason Brown

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Prairie Village KS Real Estate Update * Prairie Village Kansas Market Stats

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Hands On The Heartland

Checking The Pulse Of The Kansas City Real Estate Market

City of Prairie Village Kansas Real Estate Update

Prairie Village KS Real Estate Market Stats <> 15 Day Stats

Type

#

Average $

Avg DOM

–

Newest Listings

31

$273,422

–

View Newest Listings

Total Active Listings

151

–

–

–

Newest Under Contract

24

$250,971*

81

View Newest Under Contract

Newest Solds (Closed)

8

$229,613

91

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 in the AM on 5/20/09.

In the city of Prairie Village 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 Prairie Village Kansas. Using the past 15 days of sold homes to calculate the absorption rate in Prairie Village, there’s almost 9.5 months of inventory on the market. Triple the number of homes went under contract (compared to homes sold) and if we run with the assumption that all those homes will make it to the closing table (they won’t), then the absorption rate is just slightly over 3 months of inventory. If all those homes make it to the closing table that is an impressive figure and things would be looking solid in Prairie Village.

Keep in mind that a 15-day period is a small sampling of Prairie Village Kansas market activity. This information shows 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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