Thursday, October 20, 2016

Lenexa, KS Real Estate Market Report - Is it a buyer's, seller's or neutral real estate market?

Lenexa, KS Real Estate Market Report

Is it a buyer's, seller's or neutral real estate market?


Lenexa, Lenexa KS, Lenexa Kansas, Lenexa real estate
September 2016 is a Neutral market in Lenexa, KS*

Home For Sale in September 2016: 244 units.

Down 5.8% compared to the last month
Up 12.4% compared to the last year

Home Listed in September 2016: 69 units.

Down 37.8% compared to the last month
Down 20.7% compared to the last year

Home Closed in September 2016: 71 units.

Down 1.4% compared to the last month
Up 4.4% compared to the last year

Home Placed under Contract in September 2016: 38 units.

Down 51.3% compared to the last month
Down 49.3% compared to the last year

*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: 3 - 6 months of inventory based on closed sales

September 2016 Average Sold Price per Square Footage is Neutral in Lenexa, KS*

Average Sold Price per Square Footage in September 2016:$110 

Down 9.1% compared to the last month
Up 1.9% compared to the last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral

September 2016 Average Days on Market trend is Falling in Lenexa, KS*

Average Days on Market in September 2016: 23 
Down 54% compared to the last month
Down 47.7% compared to the last year

*Based on 6 month trend - Rising/Falling/Remains Steady
September 2016 is a Neutral market in Lenexa, KS*

Months of Inventory based on Closed Sales in September 2016: 3.4 
Down 5.6% compared to the last month
Up 6.3% compared to the last year

*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: 3 - 6 months of inventory based on closed sales





Lenexa, Lenexa KS, Lenexa Kansas, Lenexa real estate