Overland Park Kansas Real Estate Market Update – January 2012

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 5.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market, which is great news for Overland Park home sellers. Seeing 94 homes go under contract the past 15 days is even more impressive than 63 homes sold (closed) during the past 15 days. These market stats in Overland Park are all the more impressive considering the time of year.

Type # Average $ Avg DOM
Listings Past 15 Days 117 $267,812
Total Active Listings 744
Newest Contracts Written 94 $272,704 131
Newest Sold (Closed) 63 $245,390 163

* 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 sales price the past 15 days in Overland Park was about $245,000, while the average new listing came on the market at nearly $268,000. If you are making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s information on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please don’t hesitate to contact us with any questions you may have.

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Posted by Jason Brown

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