Prairie Village Kansas Real Estate Market Update – December 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Prairie Village Kansas Real Estate Update
Recent Real Estate Activity In Prairie Village KS

Using the past 15 days of real estate sales activity in Prairie Village Kansas to calculate the city’s absorption rate, we find there’s 3.6 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Prairie Village. The last 12 homes sold (closed) in Prairie Village Kansas were on the market an average of 103 days and had an average sales price of nearly $158,000.

Type # Average $ Avg DOM
Listings Past 15 Days 14 $225,554
Total Active Listings 87
Newest Contracts Written 14 $249,807 72
Sold (closed) Past 15 Days 12 $157,642 103

* 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 average price of the 14 newest listings on the market in Prairie Village is nearly $226,000. If you are considering buying or selling a home in Prairie Village Kansas, my real estate group can help you locate the homes that fit need your needs and complete the real estate transaction. Find more details on selling a Prairie Village Kansas home and with buying a Prairie Village Kansas home. If you have any questions, please contact us for assistance.

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Posted by Jason Brown

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Prairie Village Kansas Real Estate Update – November 2010

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

After calculating the absorption rate over the past 15 days in Prairie Village, we can determine there’s currently 12.1 months of inventory on the market. This is high and clearly represents a buyer’s market in the city of Prairie Village. If we were to use the 18 homes that went under contract the past 15 days (assuming they all will close), the months of inventory would re-calculate to 5.4 months. That would be considered a stable real estate market and home sellers are hoping the current rate of homes going under contract continues into the fall.

Type

#

Average $

Avg DOM

Listings Past 15 Days

19 $241,784

Total Active Listings

194

Newest Contracts Written

18 $236,192 87

Newest Sold (Closed)

8 $206,125 63

* 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 your real estate goals involve buying or selling a home in the Prairie Village or surrounding area, please contact me for assistance. We look forward to guiding you through the process and in representing your best interests. Please let us know whenever you need more specific market statistics or stats on a specific area within Prairie Village.

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Posted by Jason A. Brown

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