Lenexa, Kansas, located in central Johnson County, is home to about 48,000 residents. The city of Lenexa is served by the award winning school districts of Olathe, Shawnee Mission and De Soto. The city has a mix of established neighborhoods in the east and a fast growing area in the west. There are over 30 different parks in Lenexa, including the 80 acre Lake Lenexa at Black Hoof park, and a number of large boulevards and parkways, such as Prairie Star Parkway and Renner Boulevard that welcome residents and businesses alike. UPS and Quest Diagnostics are the city’s top employers.
Lenexa has sold/closed 215 homes in the last three months as of January 15th, 2019. This ratio of homes sold over time is called the absorption rate. The most current average absorption rate is 57 homes per month. As of writing there are 157 homes for sale in Lenexa. If the absorption rate continues at the same pace as the last three months, it would take just under four 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 home 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.Higher demand in Lenexa, versus some other Johnson County cities gives home sellers an advantage while negotiating terms. If you are thinking of selling your home in Lenexa, it doesn't get much better than this.