Prairie Village KS - November 2011 Home Sales Report

In Prairie Village...sales continue to be strong, with a home being sold just about every day!
Here are sales stats for November 2011, as compared to November 2010, plus new year-to-date sales figures:

In November 2011, 35 homes sold, with an average list price of $210,152 and average sales price of $200,062.  Average days on market:  107.

In November 2010, 26 homes sold, with an average list price of $216,290 and average sales price of $206,731.  Average days on market:  83.

Although days on market are longer and the average price is down, homes are still selling. Let’s look at year-to-date figures:

From Jan-Nov 2011, 357 homes sold, with an average list price of $216,701 and average sales price of $207,919.  Average days on market:  97.

From Jan-Nov 2010, 338 homes sold, with an average list price of $224,486 and average sales price of $215,956.  Average days on market:  71.

Lower average prices can be attributed to foreclosures and short sales dragging down prices, and sellers dropping prices to attract buyers.  Everyone in my office agrees:  there is not enough demand for homes right now.  And if you do have a buyer, they are extremely cautious about spending . If you would like home sales statistics for your neighborhood, email me with your address and  I’ll  send over the stats.