Bellow you will find market statistics for the Lee's Summit area. These stats show the year to date totals so far through 2008. These numbers show the average days on market for Lees Summit to be 40.
Clearly, homes in Lees Summit are selling and the market is continuing to show signs of improvement. Homes in Lees Summit that are priced properly and are in good condition are selling and are selling quickly. There appaers to be a lag in properties that are above $200k and there is a shortage of affordable housing in Lees Summit.
For more information or to discuss the market and how it is impacting your property please contact David Nichols at 816-536-1334 or email to DN@mykchometeam.com
Month | Year | Units Listed | Listed Volume | Listed Average | Units Sold | Sold Volume | Sold Average | Average DOM |
---|---|---|---|---|---|---|---|---|
Dec | 2007 | 162 | 41,729,692 | 257,590 | 134 | 27,283,066 | 203,604 | 35 |
Jan | 2008 | 248 | 60,466,054 | 243,814 | 109 | 22,161,418 | 203,315 | 50 |
Feb | 2008 | 256 | 60,987,757 | 238,233 | 130 | 29,892,247 | 229,940 | 39 |
Mar | 2008 | 316 | 85,230,568 | 269,716 | 153 | 31,368,463 | 205,022 | 39 |
Apr | 2008 | 299 | 74,094,802 | 247,808 | 159 | 31,697,839 | 199,357 | 39 |
May | 2008 | 301 | 79,263,132 | 263,332 | 180 | 36,296,198 | 201,645 | 38 |
Jun | 2008 | 323 | 77,601,923 | 240,253 | 171 | 34,627,862 | 202,502 | 36 |
Jul | 2008 | 291 | 70,733,163 | 243,069 | 171 | 38,394,852 | 224,531 | 32 |
Aug | 2008 | 262 | 65,116,380 | 248,535 | 173 | 35,697,298 | 206,342 | 35 |
Sep | 2008 | 97 | 23,044,925 | 237,576 | 39 | 9,108,071 | 233,540 | 52 |
Totals: | 2555 | 638,268,396 | 249,812 | 1419 | 296,527,314 | 208,969 | 40 | |
Total Listed:2555 | Off Market Units:1001 | Sold Units:1419 | Remaining Units:135 * Inventory Accum.:0.95 ** |
Min Sold Price: $31,000 |
Average Sold Price: $208,969 |
Median Sold Price: $174,900 |
Max Sold Price: $2,265,000 |
* Remaining Units = (Total Listed) - (Off Market Units + Sold Units) |
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** Inventory Accumulation (in months) = (Remaining Units)/(Sold Units/Months) | |||
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