Mission Hills, KS Housing Market Conditions Report July 22, 2008

Number of homes listed for sale (supply) 43

Number of listed homes sold in the last 6 months (demand) 20

Absorbtion Rate (avg number of houses sold per month) 3.3

Number of months of Inventory (supply/demand) 12.9

Market Condition : Buyer Advantage. Please note that the Multiple List Data for Mission Hills may not reflect the entirety of the sales as some houses are sold without going on the market since the supply is so low.

5-6 months supply is typically considered "balanced" neither the Seller side nor the Buyer side is advantaged

Under 5 months supply is typically an advantage for the Seller since there are few choices for the Buyer

Over 6 months supply is typically an advantage for the Buyer since there are more choices than average due to larger amout of supply of homes compared to the current demand




Mission Hills: Arguably one of the most desired addresses in the United States. Mission Hills is superbly located in the center of everything. Mature trees, stately homes, Mission Hills has it all. The data from the Multiple Listing Service will be somewhat skewed as homes sometimes have a "waiting" list for when the seller might be willing to part with the home.