Overland Park Kansas Real Estate Update – November 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 6.0 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but not far from getting Overland Park into a balanced real estate market. Fewer homes have gone under contract the past 15 days than have sold (closed) and since all pending sales don’t close, that’s a trend worth tracking.

Type # Average $ Avg DOM
Listings Past 15 Days 101 $241,195
Total Active Listings 989
Newest Contracts Written 77 $253,321 164
Newest Sold (Closed) 82 $276,392 130

* 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.

The average home sold the past 15 days did so in just over 4 months time. The average sales price of more than $276,000 was higher than the average new listing to come on the market over the same period – which is a solid trend. Should you be making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s some information about how we can assist you with selling your Overland Park home and buying an Overland Park area home. Please contact us with any questions!

Overland Park Kansas Relocation Information

Search Overland Park Kansas Homes For Sale

View Additional Real Estate Stats On Overland Park

Our Overland Park Kansas Buyer’s Agent Services

Our Overland Park Kansas Listing Agent Services


Posted by Jason Brown

Add to DeliciousAdd to DiggAdd to FaceBookAdd to Google BookmarkAdd to RedditAdd to StumbleUponAdd to TechnoratiAdd to Twitter