Olathe Real Estate Snapshot
Olathe is experiencing a Seller's Real Estate Market**
The number of homes for sale in July 2019 was 566 homes.
That is up 1.3% compared to the previous month and up 5% compared to last year.
The number of homes listed for sale in July 2019 was 323 homes.
That is up 2.2% compared to the previous month and up 8% compared to last year.
The number of homes closed in July 2019 was 272 homes.
That is down 7.5% compared to the previous month and down 5.6% compared to last year.
The number of homes placed under contract in July 2019 was 206 homes.
That is down 17.3% compared to the previous month and down 14.9% compared to last year.
**Types of Markets:
Buyer's Market: more than 6 months of inventory based on closed sales.
Seller's Market: less than 3 months of inventory based on closed sales.
Neutral Market: between 3-6 months of inventory based on closed sales.
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