Tuesday, October 25, 2016

Olathe, KS Real Estate Market Report for Zip Code 66061 - Is it a buyer's, seller's or neutral real estate market

Olathe, KS Real Estate Market Report for Zip Code 66061

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

Olathe, Olathe KS, 66061, zip code 66061, Olathe real estate


September 2016 is a Seller's market for the Olathe zip code 66061*

Home For Sale in September 2016: 290 units.

Down 3.3% compared to the last month
Down 3% compared to the last year

Home Listed in September 2016: 113 units.

Up 0.9% compared to the last month
Up 10.8% compared to the last year

Home Closed in September 2016: 104 units.

Down 18.7% compared to the last month
Up 9.5% compared to the last year

Home Placed under Contract in September 2016: 71 units.

Down 29.7% compared to the last month
Down 20.2% 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 for the Olathe zip code 66061*

Average Sold Price per Square Footage in September 2016:$116 

Up 0.9% compared to the last month
Up 1.8% compared to the last year

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

September 2016 Average Days on Market trend Remains Steady for the Olathe zip code 66061*

Average Days on Market in September 2016: 44 
0% compared to the last month
Down 4.3% compared to the last year

*Based on 6 month trend - Rising/Falling/Remains Steady

September 2016 is a Seller's market for the Olathe zip code 66061*

Months of Inventory based on Closed Sales in September 2016: 2.8 
Up 21.3% compared to the last month
Down 9.5% 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



Olathe, Olathe KS, 66061, zip code 66061, Olathe real estate