5 Year Trend with Real Estate Inventory Based on Closed Sales for Gardner, Kansas

5 Year Trend with Real Estate Inventory Based on Closed Sales for Gardner, Kansas

Months of Inventory Report

About the Months of Inventory Report

There are 2 kinds of Months of Inventory as follows:

1. Months of Inventory based on Closed Sales (MOI based on Closed Sales)
   MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.
2. Months of Inventory based on Pended Sales (MOI based on Pended Sales)
   MOI based on Closed Sales = the number of properties for sale divided by the number of properties pended.

How to Use Months of Inventory Report?

Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.

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5 Year Absorption Rate Trend for Gardner, Kansas

5 Year Absorption Rate Trend for Gardner, Kansas

Absorption Rate

About Absorption Rate Report

There are 2 kinds of Absorption Rate as follows:

1. Absorption Rate based on Closed Sales (%)
   Absorption Rate based on Closed Sales (%) = the number of properties sold divided by the number of properties for sale (in percentage).
   For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month.
2. Absorption Rate based on Pended Sales (%)
   Absorption Rate based on Pended Sales (%) = the number of properties pended divided by the number of properties for sale (in percentage).

The Rate of Absorption measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory. 

How to Use Months of Inventory Report? 

Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an absorption rate of less than 16.67% indicates a strong buyer market while an absorption rate level greater than 33.33% indicates a seller's market.

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5 Year Real Estate Trend for List Price, Sales Price and Median Price for Gardner, KS

5 Year Real Estate Trend for List Price, Sales Price and Median Price for Gardner, KS

Average Price For Sale & Sold Report

What Does Average Price For Sale & Sold graph mean?

• The Average Price For Sale is the average of list price of the properties for sale in a particular month. The Average Price Sold is the average of sold price of the properties sold in a particular month. Displaying both the Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between the on and off market pricing.

What Does Average Price For Sale & Sold Report Do?

• It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
• It helps identify where the softest market is and where the buyer can find the biggest price concessions.
• It helps determine if there is any change in property value for a specific area.

How to Use Average Price For Sale & Sold Report?

• Refer to For Sale vs. Sold Report for the number of properties sold. If a very expensive or very cheap home has been sold, these statistics can be skewed up or down, and the trend line can fluctuate with less consistency.
• If the average sold price is below the average listing price, and falling, the market is moving toward a buyers' market. If the average sold price trend is up or above the average listing price, the market is moving toward a sellers' market.

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5 Year Trend on the Average Days in the Real Estate Market for Homes in Gardner, KS

5 Year Trend on the Average Days in the Real Estate Market for Homes in Gardner, KS

Days on Market and Sold/List Price % Report

What is DOM?

• DOM stands for days on the market, how long a property is on the market. It generally is between the day the property is listed and the day it becomes off market (for example, when it becomes pended).

Is Average DOM calculated based on sold listings?

• Yes, it is. The Average DOM is the average of DOM of sold properties.

What is CDOM and how is it calculated?

• CDOM stands for continuous days on the market and tracks consecutive listing periods.
• While all MLSs are a little different, the generally accepted rule is that, if a property is re-listed within a 30 day period of it's previous expired, withdrawn, or canceled period, CDOM kicks in and tracks the aggregated listing time of the property. If the property is off the market for 30 days it resets the CDOM. CDOM is usually only measured for a maximum period of two years.

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5 Year Real Estate Trend for the Average Price Per Square Foot in Gardner, KS

5 Year Real Estate Trend for the Average Price Per Square Foot in Gardner, KS 

Average Price per Square Footage

How do you calculate the Average Price per Sqft?

• The Average Price per Sqft is the average of sold price divided by square footage of sold listings.

What Does Average Price per Sqft. Report Do?

• It helps establish the market price for an average home.
• It helps determine if there is any change in property value for a specific area in a specific price range.

How to Use Average Price per Sqft. Report?

• Use the highest and lowest monthly average price per square foot on the chart to establish the most marketable price range in a specific area.
• If the home has a larger than normal lot, a special amenity, or is located in an area of social demand, the home price must be adjusted upward.
• Refer to For Sale vs. Sold Report for the number of properties sold per month. If there are less than five properties sold per month for a specific price range, the average price per square foot might be skewed and is not as useful. In this case, an average of the fifteen month's or more figures should be used in setting the price.

You Should Know

• The garage area is not included in the square footage price calculation.
• Individual listings in the MLS system without square foot information are excluded in the average square foot price calculation.

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5 year real estate trend for Home For Sale/Sold/Pending/New Listings in Gardner, KS

5 year real estate trend for Home For Sale/Sold/Pending/New Listings in Gardner, KS

For Sale vs. Sold vs. Pended

About the For Sale vs. Sold Report

• The For Sale numbers are the snapshot of the number of property for sale at the end of the month.
• The Pended numbers represent the number of properties that went into the "pending" status in that month. 
• The New Listing numbers represent the number of properties that are new listed in a particular month.
• The Sold numbers represent the number of properties that are sold on a particular month.
  

What Does For Sale vs. Sold Report Do?

• It helps determine the trend of market supply and demand.
• It helps determine whether the current market is a seller or buyer market.
• It helps determine the minimum length of the listing period.
• It helps identify which price range the majority of the properties are in, within a given area.
• It helps focus on where the buyer's activities are and the market condition in those areas.

How to Use For Sale vs. Sold Report?

• Use with Average Price Per Sqft Report to set competitive listing price.
• Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in Months of Inventory graph. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.
• A download trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
• An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.
  

You Should Know

• The properties sold figures are derived from recorded transactions.
• Current monthly sold figures might be adjusted upward on the next month's report. This is to account for any closed transactions that are reported late.

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Current Real Estate Inventory Based on Closed Sales Stats for Gardner, KS

Current Real Estate Inventory Based on Closed Sales Stats for Gardner, KS

Months of Inventory Report

About the Months of Inventory Report

There are 2 kinds of Months of Inventory as follows:

1. Months of Inventory based on Closed Sales (MOI based on Closed Sales)
   MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.
2. Months of Inventory based on Pended Sales (MOI based on Pended Sales)
   MOI based on Closed Sales = the number of properties for sale divided by the number of properties pended.

How to Use Months of Inventory Report?

Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.

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Current Absorption Rate for Gardner, KS Real Estate

Current Absorption Rate for Gardner, KS Real Estate

Absorption Rate About Absorption Rate Report There are 2 kinds of Absorption Rate as follows: Absorption Rate based on Closed Sales (%) Absorption Rate based on Closed Sales (%) = the number of properties sold divided by the number of properties for sale (in percentage). For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month. Absorption Rate based on Pended Sales (%) Absorption Rate based on Pended Sales (%) = the number of properties pended divided by the number of properties for sale (in percentage). The Rate of Absorption measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory.  How to Use Months of Inventory Report?  Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an absorption rate of less than 16.67% indicates a strong buyer market while an absorption rate level greater than 33.33% indicates a seller's market.

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Current Average List, Sold and Median Price for Gardner, KS

Current Average List, Sold and Median Price for Gardner, KS

Average Price For Sale & Sold Report

What Does Average Price For Sale & Sold graph mean?

• The Average Price For Sale is the average of list price of the properties for sale in a particular month. The Average Price Sold is the average of sold price of the properties sold in a particular month. Displaying both the Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between the on and off market pricing.

What Does Average Price For Sale & Sold Report Do?

• It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
• It helps identify where the softest market is and where the buyer can find the biggest price concessions.
• It helps determine if there is any change in property value for a specific area.

How to Use Average Price For Sale & Sold Report?

• Refer to For Sale vs. Sold Report for the number of properties sold. If a very expensive or very cheap home has been sold, these statistics can be skewed up or down, and the trend line can fluctuate with less consistency.
• If the average sold price is below the average listing price, and falling, the market is moving toward a buyers' market. If the average sold price trend is up or above the average listing price, the market is moving toward a sellers' market.

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Current Average Days on the Market for homes sold in Gardner, KS

Current Average Days on the Market for homes sold in Gardner, KS

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Current average sales price per square foot for Gardner, KS

Current average sales price per square foot for Gardner, KS

Average Price per Square Footage

How do you calculate the Average Price per Sqft?

• The Average Price per Sqft is the average of sold price divided by square footage of sold listings.

What Does Average Price per Sqft. Report Do?

• It helps establish the market price for an average home.
• It helps determine if there is any change in property value for a specific area in a specific price range.

How to Use Average Price per Sqft. Report?

• Use the highest and lowest monthly average price per square foot on the chart to establish the most marketable price range in a specific area.
• If the home has a larger than normal lot, a special amenity, or is located in an area of social demand, the home price must be adjusted upward.
• Refer to For Sale vs. Sold Report for the number of properties sold per month. If there are less than five properties sold per month for a specific price range, the average price per square foot might be skewed and is not as useful. In this case, an average of the fifteen month's or more figures should be used in setting the price.

You Should Know

• The garage area is not included in the square footage price calculation.
• Individual listings in the MLS system without square foot information are excluded in the average square foot price calculation.

Click here for more real estate stats for Gardner KS

Instantly find out the value of your home in Gardner KS

View homes for sale in Gardner KS

The current number of new listings, homes for sale, sold, and under contract in Gardner, KS

The current number of new listings, homes for sale, sold, and under contract in Gardner, KS

For Sale vs. Sold vs. Pended

About the For Sale vs. Sold Report

• The For Sale numbers are the snapshot of the number of property for sale at the end of the month.
• The Pended numbers represent the number of properties that went into the "pending" status in that month. 
• The New Listing numbers represent the number of properties that are new listed in a particular month.
• The Sold numbers represent the number of properties that are sold on a particular month.

What Does For Sale vs. Sold Report Do?

• It helps determine the trend of market supply and demand.
• It helps determine whether the current market is a seller or buyer market.
• It helps determine the minimum length of the listing period.
• It helps identify which price range the majority of the properties are in, within a given area.
• It helps focus on where the buyer's activities are and the market condition in those areas.

How to Use For Sale vs. Sold Report?

• Use with Average Price Per Sqft Report to set competitive listing price.
• Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in Months of Inventory graph. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.
• A download trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
• An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.

You Should Know

• The properties sold figures are derived from recorded transactions.
• Current monthly sold figures might be adjusted upward on the next month's report. This is to account for any closed transactions that are reported late.

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276 homes have sold in Gardner, KS - Real Estate Stats for Gardner, Kansas

Real Estate Stats for Gardner, Kansas

276 homes have sold in Gardner, KS in the past 6 months between $37,500 and $526,500. The average home in Gardner, KS home has sold for $203,531 in 43 days. 

Wouldn’t you like to know how the recent home sales in Gardner, KS have affected the value of your home? Instantly find out the value of your home in Gardner, KS by clicking the picture below . . .

Find out the value of your home in Gardner, KS

Instantly find out the value of your home in Gardner, KS

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Is a Great Time to Sell in Gardner, KS - Gardner Homes For Sale Real Estate Stats - Gardner Kansas real estate stats - Gardner Real Estate Market Report

Instantly find out the value of your home in Gardner, KS

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It is a Great Time to Sell in Gardner, KS - Gardner Homes For Sale Real Estate Stats - Gardner Kansas real estate stats

Gardner Home Values Have Increased in Value

Gardner Home Values Have Increased in Value

With the median estimated home value increasing 6.29% in the past 12 months in Gardner, wouldn't you like to see how much your home in Gardner has increased in Value?

Instantly find out the value of your home in Gardner by clicking the image below . . .

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ReeceNichols SOLD More Homes in Gardner, Kansas - ReeceNichols is ranked #1

ReeceNichols SOLD More Homes in Gardner, Kansas
(For the past 12 months)

According to the Heartland MLS, with 350 homes sold, ReeceNichols is ranked #1 with the most sold in in Gardner, KS for the past 12 months. Keller Williams is ranked 2nd, Better Homes and Gardens Kansas City Homes is ranked 3rd, RE/MAX is ranked 4th and Platinum Realty is ranked 5th.

Thinking of selling your home in Gardner, KS?

Contact Chris Dowell from ReeceNichols.

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Gardner, KS Real Estate Market Report - Is it a Buyer's or Seller's Real Estate market?

Gardner, KS Real Estate Market Report

	September 2016 is a Seller's market for Gardner, KS* Home For Sale in September 2016: 81 units. • Down 27% compared to the last month • Down 15.6% compared to the last year Home Listed in September 2016: 35 units. • Down 20.5% compared to the last month • Down 30% compared to the last year Home Closed in September 2016: 46 units. • Up 2.2% compared to the last month • 0% compared to the last year Home Placed under Contract in September 2016: 27 units. • Down 15.6% compared to the last month • Down 34.1% 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 Gardner, KS*

Average Sold Price per Square Footage in September 2016:$105

•	Down 1.9% compared to the last month
•	Up 2.9% compared to the last year

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

September 2016 Average Days on Market trend Remains Steady in Gardner, KS*

Average Days on Market in September 2016: 29

•	Up 81.3% compared to the last month
•	Down 54.7% compared to the last year

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

September 2016 is a Seller's real estate market for Gardner, KS*

Months of Inventory based on Closed Sales in September 2016: 1.8

•	Down 28.4% compared to the last month
•	Down 14.4% 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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