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

Shawnee, KS Real Estate Market Report

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

September 2016 is a Seller's market in Shawnee*

Home For Sale in September 2016: 250 units.

•	Up 5% compared to the last month
•	Down 14.7% compared to the last year

Home Listed in September 2016: 111 units.

•	Up 3.7% compared to the last month
•	Down 3.5% compared to the last year

Home Closed in September 2016: 102 units.

•	Down 12.1% compared to the last month
•	Up 13.3% compared to the last year

Home Placed under Contract in September 2016: 42 units.

•	Down 57.1% compared to the last month
•	Down 52.3% 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 Shawnee*

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

•	0% compared to the last month
•	Up 7.6% compared to the last year

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

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

Average Days on Market in September 2016: 38 

•	Up 8.6% compared to the last month
•	Up 15.2% compared to the last year

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

September 2016 is a Seller's market in Shawnee*

Months of Inventory based on Closed Sales in September 2016: 2.5 

•	Up 19.5% compared to the last month
•	Down 24.6% 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

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