Real Estate Market Report for Olathe, KS
Is it a seller's, buyer's or neutral real estate market?
October 2016 is a Seller's market in Olathe, KS*
Home For Sale in October 2016: 539 homes for sale.
| • | Down 0.2% compared to the last month |
| • | Up 2.7% compared to the last year |
Home Listed in October 2016: 240 homes listed for sale.
| • | Down 2% compared to the last month |
| • | Up 9.6% compared to the last year |
Home Closed in October 2016: 195 homes sold.
| • | Down 22.3% compared to the last month |
| • | Down 1.5% compared to the last year |
Home Placed under Contract in October 2016: 139 homes under contract.
| • | Down 28.7% compared to the last month |
| • | Down 27.2% 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
October 2016 Average Sold Price per Square Footage is Appreciating in Olathe, KS*
Average Sold Price per Square Footage in October 2016:$114 per square foot.
| • | 0% compared to the last month |
| • | Up 6.5% compared to the last year |
*Based on 6 month trend - Appreciating/Depreciating/Neutral
October 2016 Average Days on Market trend Remains Steady in Olathe, KS*
Average Days on Market in October 2016: 38 days on the market.
| • | Down 5% compared to the last month |
| • | Down 17.4% compared to the last year |
*Based on 6 month trend - Rising/Falling/Remains Steady
October 2016 is a Seller's market in Olathe, KS*
Months of Inventory based on Closed Sales in October 2016: 2.8 months of inventory.
| • | Up 27.9% compared to the last month |
| • | Up 3.8% 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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