Comments Off on Overland Park Kansas Real Estate Update – June 2011

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Overland Park Kansas
15 Day Glance At The Overland Park KS Real Estate Market

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 5.1 months of inventory currently on the market. This is solid and a huge improvement over the 9.1 months of inventory when we took a look at Overland Park’s May real estate stats. 5.1 months of inventory is considered a stable real estate market and Overland Park continues to be one of the metro areas most stable real estate markets. The number of homes that went pending over the same 15-day period was also solid and it appears we’ll continue to eat into the 1,100+ homes for sale in Overland Park at a solid pace.

Type # Average $ Avg DOM
Listings Past 15 Days 163 $285,463
Total Active Listings 1,116
Newest Contracts Written 108 $284,145 113
Newest Sold (Closed) 109 $273,068 121

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

It’s taking about four months for the average Overland Park home to sell. Home sellers who put their homes on the market the past 15 days appear to be pricing their homes realistically… The average new list price was about $285,000, while the average sales price over the same period was about $273,000.

If you’re planning a move that involves buying or selling an Overland Park KS home, we are able to provide you expert guidance with your home sale or purchase. Here’s information on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please contact us with any questions you have and we look forward to assisting you!

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Posted by Jason Brown

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