Homes are selling in Olathe, Kansas - Real Estate Inventory Drops

According to the past 14 day real estate stats for Olathe, Kansas, the real estate inventory, which has been hovering in the 8 month supply range (absorption rate) for the past 6 months, has dropped the past month.

The absorption rate of the current real estate market for Olathe, Kansas is 6.36 months. The absorption rate is ability of the current real estate market to sell the current real estate inventory. Dropping from the 8 month range to lower 6 month range means that the real estate market can sell the current active homes faster.

Since there are 827 single family homes for sale in Olathe, the absorption rate typically means that Olathe homes are selling faster.

After looking at the real estate sold stats for the past 14 days. The average Olathe home is selling for $260,463 in 179 days. The days on the market has not decreased as expected by looking at the absorption rate but the average sold price has increased. More expensive homes have been selling in Olathe, KS. lately. Maybe the hail storm affected the real estate market recently. One thing is for sure, the real estate inventory has dropped.

Since real estate is local and the stats vary depending on the area or subdivision, I would be happy to work up stats for a particular area or subdivision in Olathe.

Thinking about buying or selling real estate in Olathe? Checkout our Olathe real estate website.




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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty

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