Comments Off on Overland Park Kansas Real Estate Market Update – March 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 6.1 months of inventory currently on the market. This amount of inventory indicates a balanced real market in Overland Park Kansas. 62 homes sold the past 15 days but look at the number of homes that went under contract — 155. That’s a huge number and if we were to use that figure (instead of the homes sold/closed) to calculate the absorption rate, there’s 2.5 months of inventory on the market in Overland Park.

Type # Average $ Avg DOM
Listings Past 15 Days 193 $297,373
Total Active Listings 761
Newest Contracts Written 155 $272,167 109
Newest Sold (Closed) 62 $275,450 141

* 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 Overland Park real estate market continues to be one of the most resilient markets in the Kansas City metro area. If you’re making plans to buy or sell a home in Overland Park KS, we look forward to guiding you through the process. Here’s information on how we can assist you with selling your Overland Park Kansas home or with buying an Overland Park Kansas home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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