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

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

* 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.

Shawnee Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in Shawnee KS, there’s currently 5.03 months of inventory on the market.  Not terrible but still more homes coming on the market than homes selling. The Pending sales over the 15-day period were more comparable to the number of homes listed and that’s a promising sign that the Shawnee inventory is not currently being flooded.

I’m noticing a lot more homes being switched to Show For Backup rather than simply Pending when they go under contract.  This is a good idea in our current real estate market as sellers should continue to look for a backup offer in the event the first offer falls apart for some reason. In a seller’s market, the seller usually wants the home switched to pending so showings on the home are stopped. Also, keep in mind that 15 days of market stats is a small snap shot of local Shawnee Kansas activity. Market conditions vary greatly from one city to another and even one subdivision to another, so don’t take just a macro look at market activity. Contact me personally for assistance or you may request your subdivision market stats simply by making a comment on this blog post.

View Past Shawnee Kansas Real Estate Stats

Shawnee Kansas Buyer’s Agents

Shawnee Kansas Listing Agents

View All Shawnee Homes On Kansas City MLS

Posted by Jason A. Brown

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