Find area information and real estate listings for the Reinhardt Estates Subdivision, Fairway, Kansas. Learn more about Reinhardt Estates, including available homes for sale, school info, and area reviews, from a local RE/MAX real estate agent.
Market update for Reinhardt Estates Fairway KSIn the last six months Reinhardt Estates has had 10 homes sold/closed as of December 23, 2018. This ratio of homes sold to time is called the absorption rate. The most recent absorption rate averaged over the last six months is 1.67 home per month. Currently there are eight homes for sale in Reinhardt Estates. If the most recent absorption rate continues it would take just 4.7 months to sell all of the homes for sale, assuming that all homes 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.Reinhardt Estates in Fairway is in a mild sellers's market in terms of supply and recent demand. This is tempered as well by the higher than normal level of $1MM homes on the market in the Fairway, Mission Hills, and Prairie Village area.