Olathe Real Estate market Report
Is it a seller’s, buyer’s or neutral real estate market?
September 2016 is a Seller’s market in Olathe*
Home For Sale in September 2016: 540 units.
| • | Down 5.1% compared to the last month |
| • | Down 0.6% compared to the last year |
Home Listed in September 2016: 245 units.
| • | Down 6.5% compared to the last month |
| • | Up 12.4% compared to the last year |
Home Closed in September 2016: 227 units.
| • | Down 17.2% compared to the last month |
| • | Up 7.1% compared to the last year |
Home Placed under Contract in September 2016: 138 units.
| • | Down 35.5% compared to the last month |
| • | Down 27.7% 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 Olathe*
Average Sold Price per Square Footage in September 2016:$115
| • | Up 0.9% compared to the last month |
| • | Up 6.5% compared to the last year |
*Based on 6 month trend – Appreciating/Depreciating/Neutral
September 2016 Average Days on Market trend Remains Steady in Olathe*
Average Days on Market in September 2016: 40
| • | Up 33.3% compared to the last month |
| • | Down 4.8% compared to the last year |
*Based on 6 month trend – Rising/Falling/Remains Steady
September 2016 Average Days on Market trend Remains Steady in Olathe*
Average Days on Market in September 2016: 40
Average Days on Market in September 2016: 40
| • | Up 33.3% compared to the last month |
| • | Down 4.8% compared to the last year |
September 2016 Sold/Original List Price Ratio Remains Steadyin Olathe*
Sold/Original List Price % in September 2016: 98%
| • | Down 1% compared to the last month |
| • | 0% compared to the last year |
*Based on 6 month trend – Rising/Falling/Remains Steady
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