Comments Off on Overland Park KS Real Estate Market 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 and comparing it the current volume of homes for sale, we find the city has 8.0 months of inventory on the market. This amount of inventory is considered a buyer’s market. When we checked the Overland Park real estate stats almost a month a go, there was 6 months of inventory on the market. Since there’s actually fewer homes on the market now, the higher months of inventory on the market is due to a slowing sales rate — 82 homes were sold during the 15 day period earlier this month, compared to 58 sales during this most recent 15 day period.

Type # Average $ Avg DOM
Listings Past 15 Days 80 $283,187
Total Active Listings 928
Newest Contracts Written 85 $238,154 133
Newest Sold (Closed) 58 $231,889 132

* 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 new listing the past 15 days in Overland Park came on the market at more than $283,000. The average sales price over the same period was just under $232,000. If you are making plans to buy or sell a home in Overland Park KS, my group can provide you the market information you need to make an informed decision and we’ll guide you through the real estate process. Here’s info 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 may have!

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Posted by Jason Brown

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