Comments Off on Overland Park Kansas Real Estate Update – April 2011
Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Overland Park Kansas
Recent
15 Days of Overland Park KS Market Activity

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 9.4 months of inventory currently on the market. This is the same amount of inventory as when we checked the market stats in Overland Park about a month ago.  It’s still clearly a buyer’s market in Overland Park and we’ll need to see more closings or fewer new listings hitting the market if the months of inventory is to improve for area home sellers.

Type

#

Average $

Avg DOM

Listings Past 15 Days

183 $277,832

Total Active Listings

1,146

Newest Contracts Written

115 $269,630 130

Newest Sold (Closed)

61 $261,531 168

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

There was good news in the average sales price as it was reasonably below the average list price over the 15-day period. The number of homes that went under contract were nearly double the number of closings and this could mean significantly improved stats in the near future. When buying or selling a home in Overland Park Kansas, it’s important buyers and sellers have an agent representing their best interests. If your plans involve buying or selling a home in Overland Park, we look forward to going to work as your listing agent or buyer’s agent. Please let us know how we can assist you further.

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Posted by Jason A. Brown

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