Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Olathe KS
Recent 15 Days of Olathe Kansas Market Activity
After calculating the absorption rate over the past 15 days in Olathe KS and comparing it to the volume of homes currently on the market, there’s 10.7 months of inventory in the city. It’s still a buyer’s market but really that’s not a bad amount of inventory when you consider the time of year and the winter weather the past several weeks. The average sales price of the new listings is also $30,000 lower than the average sales price over the same period. So there should be some excellent inventory for buyers to consider.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
65 | $200,783 |
– |
|
Total Active Listings |
859 |
– |
– |
|
Newest Contracts Written |
67 | $176,846 | 146 |
|
Newest Sold (Closed) |
40 | $231,378 | 124 |
* 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.
The homes that closed the past 15 days took right at 4 months to sell and that’s reasonable in our current market. If your real estate goals involve selling or buying a home in Olathe or in a surrounding area, please contact me to discuss your situation. I look forward to earning your business and helping you achieve your real estate goals.
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Posted by Jason A. Brown
