Comments Off on Overland Park Kansas Real Estate Market Update – November 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

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 4.5 months of inventory currently on the market. This amount of inventory is considered a slight seller’s real estate market in the city of Overland Park. The average sales price the past 15 days in Overland Park was nearly $260,000, while the average new listing came on the market around $282,000.

Type # Average $ Avg DOM
Listings Past 15 Days 85 $282,243
Total Active Listings 641
Newest Contracts Written 86 $286,005 94
Sold (closed) Past 15 Days 72 $259,655 101

* 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 days on market is trending slightly higher in Overland Park, with the last 72 homes sold having been on the market an average of 101 days. Should you be making plans to buy or sell a home in Overland Park Kansas, my real estate group can help guide you through the process. You can locate detailed information on my website regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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