Wednesday, October 26, 2016

Real Estate market Report for the Olathe, KS Zip Code 66062 - Is it a buyer's, seller's or neutral real estate market?

Real Estate market Report for the Olathe, KS Zip Code 66062


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

Olathe, Olathe KS, Olathe Kansas, Olathe real estate


September 2016 is a Seller's market in the Olathe, KS zip code 66062*

Home For Sale in September 2016: 263 units.

Down 4.7% compared to the last month
Down 4% compared to the last year

Home Listed in September 2016: 136 units.

Down 9.9% compared to the last month
Up 14.3% compared to the last year

Home Closed in September 2016: 124 units.

Down 16.2% compared to the last month
Down 5.3% compared to the last year

Home Placed under Contract in September 2016: 66 units.

Down 41.6% compared to the last month
Down 35.9% 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 the Olathe, KS zip code 66062*

Average Sold Price per Square Footage in September 2016:$113 

Down 1.7% compared to the last month
Down 1.7% compared to the last year

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

September 2016 Average Days on Market trend Remains Steady in the Olathe, KS zip code 66062*

Average Days on Market in September 2016: 32 
Up 77.8% compared to the last month
Down 28.9% compared to the last year

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

September 2016 is a Seller's market in the Olathe, KS zip code 66062*

Months of Inventory based on Closed Sales in September 2016: 2.1 
Up 10.7% compared to the last month
0% 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, Olathe Kansas, Olathe real estate