Find area information and real estate listings for the Arbor Lake Subdivision, Lenexa, Kansas. Learn more about Arbor Lake, including available homes for sale, school info, and area reviews, from a local RE/MAX real estate agent.
In the last 12 months Arbor Lake has had 28 homes sold/closed as of December 30, 2018. This ratio of homes sold over time is called the absorption rate. The most recent absorption rate averaged over the last 12 months is 2.3 home per month. At the time of writing there are 19 homes for sale in Arbor Lake. If the most recent absorption rate continues it would take, on average, eight months to sell all of the homes for sale, assuming that all homes would sell, and that no additional homes came on the market.In general terms a market is considered balanced when the supply of homes equals 5.5 to 6.5 months of inventory compared to demand or absorption rate. The lower the month’s supply of homes is, the seller tends to see an advantage in price or terms. The higher the months supply of homes the more advantage there is to the buyer in terms of price or terms.Arbor Lake, lead by Rodrock, has wisely built up a supply of homes greater than recent demand to take advantage of the upcoming spring 2019 housing market.Home sale prices in the last 12 months, as of December 30, 2018, ranged from an abnormal low of $390K to a high of $673K. Median sales price was $563K in that time period.