Wednesday, October 19, 2016

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

Olathe Real Estate market Report

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

Olathe, Olathe KS, Olathe Kansas, homes for sale in Olathe KS


September 2016 is a Seller's market in Olathe*

Home For Sale in September 2016: 540 units.

Down 5.1% compared to the last month
Down 0.6% compared to the last year

Home Listed in September 2016: 245 units.

Down 6.5% compared to the last month
Up 12.4% compared to the last year

Home Closed in September 2016: 227 units.

Down 17.2% compared to the last month
Up 7.1% compared to the last year

Home Placed under Contract in September 2016: 138 units.

Down 35.5% compared to the last month
Down 27.7% 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 Olathe*

Average Sold Price per Square Footage in September 2016:$115 

Up 0.9% compared to the last month
Up 6.5% compared to the last year

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


September 2016 Average Days on Market trend Remains Steady in Olathe*

Average Days on Market in September 2016: 40 

Up 33.3% compared to the last month
Down 4.8% compared to the last year
*Based on 6 month trend - Rising/Falling/Remains Steady

September 2016 Average Days on Market trend Remains Steady in Olathe*

Average Days on Market in September 2016: 40 
Up 33.3% compared to the last month
Down 4.8% compared to the last year

September 2016 Sold/Original List Price Ratio Remains Steadyin Olathe*

Sold/Original List Price % in September 2016: 98% 
Down 1% compared to the last month
0% compared to the last year

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