Olathe, Kansas currently has 808 single family homes for sale with another 339 in back-up or pending status. That’s not too shabby when you consider that in the last twelve months another 2,085 homes sold. Remember, we are only talking about single family homes in the city limits of Olathe.
So if it takes a year to get roughly 2,400 homes under contract and closed and you have 800 or so homes for sale in Olathe then you have about a four month inventory of homes. Pretty simple, right?
Well, it’s not exactly true. I can tell you with certainty that homes in primo condition and priced correctly will go under 45 days. I know it to be true time and time again. Heck, we’ve had a couple of agents list and sell houses under 3 days in the last month alone.
And yet if you are looking to push price or ignore condition you will do so at your own risk and time. The four months of inventory for you may very well turn out to be a six to eight month sales period. Likely with a few price adjustments along the way.
Work with a real estate professional here in Olathe to help you make the right decisions. You’ll be glad you did.
[...] the last six months that we are still selling homes at a pretty good pace. I showed here on our Olathe Real Estate blog that inventory for single family homes is at about a four months. Technically, still a [...]