Comments Off on Overland Park Kansas Real Estate Market Stats – August 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park KS

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 3.5 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. The last 112 homes sold were on the market an average of just 65 days and had an average sales price of nearly $243,000. The average price on the new listings to hit the market the past 15 days was nearly $304,000.

Type # Average $ Avg DOM
Listings Past 15 Days 142 $303,517
Total Active Listings 774
Newest Contracts Written 150 $286,472 101
Sold (closed) Past 15 Days 112 $242,963 65

* 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 150 homes that went under contract the past 15 days is just as impressive as the volume of homes sold (closed) in Overland Park as the local market continues to improve for home sellers. If you’re considering purchasing or selling a home the Overland Park Kansas area, we look forward to assisting you through the process. Contact us to let us know about the areas and price range of homes that interest you. Get more details here regarding selling an Overland Park home and buying an Overland Park home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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