Shawnee KS Real Estate Report - Days on Market, 2002-2012
Real estate market reports cam help a person put the market into perspective. The real estate market is moving every day, just like the stock market. Unlike the stock market, we don't get a Dow Jones Average Report index. The real estate market is a little more subtle, but moving just the same.
One measurement that we can use to assess market activity and compare market activity across several time periods is days on market. Days on market is the number of days that a property that sold required, from the time that it was listed to the time that a contract was signed. The number of days between when the offer was written and accepted and when the deal was actually closed are not included in the days on market calculation. It counts only the homes that actually sold and closed and does not include the homes that just sit on the market and never sell. It is generally accepted that the best measure of days on market is the median, the number of days where exactly half of the homes sold in less time and exactly half sold in more time.
Data for the Median Number of Days on Market in Shawnee, KS is shown below:
Data Source:Heartland MLS
From looking at this graph, it is easy to see that the Shawnee KS real estate market is not as "hot" as it was in the early 2000'2 when new construction was fueling the growth of western Shawnee. However, the Shawnee real estate market in 2012 is moving about 20% faster than it did in 2011. That is encouraging to sellers who would like to move. It's still a great time to buy a Shawnee KS home.
To search for Shawnee homes, go to ShawneeKSRealEstate.com
Comments(2)