Checking The Pulse Of The Kansas City Real Estate Market
Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park
Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 2.9 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Overland Park and it’s the lowest amount of inventory I’ve seen in the city in several years. The last 132 homes sold in Overland Park were on the market an average of just 85 days.
|Type||#||Average $||Avg DOM|
|Listings Past 15 Days||187||$277,368||–|
|Total Active Listings||780||–||–|
|Newest Contracts Written||151||$285,297||89|
|Sold (closed) Past 15 Days||132||$269,998||85|
* 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 current pending home sales the past 15 days has outpaced the homes sold (closed), so the amount of inventory is likely to become even more favorable for Overland Park home sellers in the near future. We assist Overland Park Kansas home sellers and home buyers every day, so if you’re considering purchasing or selling a home the Overland Park area, contact my real estate group for assistance. Get more details here regarding selling an Overland Park home or buying an Overland Park home. If you have questions, contact us here.
Posted by Jason Brown