Saturday, October 1, 2016

Real Estate Stats for Olathe Zip Code 66062 - Is it a good time to buy or sell?

Real Estate Stats for Olathe Zip Code 66062

Is it a good time to buy or sell?

  •    The number of homes for sale dropped 6.1% from last month and 4.8% from last year. (This is good news if you want to sell)
  • ·       The number of homes listed for sale dropped 16.8% from last month and is up 9.6% from last year.
  • ·       The number of homes sold and closed is down 14.7% from last month and 4.8% from last year.
  • ·       The number of home that went under contract is down 37.6% from last month and 43.9% from last year. 
  • ·       The average sold price per square foot is up 6.5% from last month and down .9% from last year.
  • ·       The average days on the market is down 25% from last month and down 50% from last year. 
  • ·       The average sold price is down 7.23% from last year.
  • ·       The months of inventory based on homes sold and closed is up 11.1% from last month and 11% from last year.

Thinking of selling your home in the Olathe zip code 66062? Real estate is local and whether it is a good time to buy or sell may depend on your local neighborhood. I have seen one subdivision that was great to sell while across the street in another subdivision it was great to buy. Contact Chris for a personalized analysis.


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