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Olathe Real Estate Snapshot - It is a Seller's Market!

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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.

 

DID YOU KNOW THAT THE RECENT REAL ESTATE ACTIVITY HAS AFFECTED THE VALUE OF YOUR HOME?

Instantly find out the value of your home . . .
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ReeceNichols - Cedar Creek  11172 S Lone Elm Rd  Olathe, KS 66061



 

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