Overland Park Kansas Real Estate Market Update – November 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the 72 homes sold (closed) in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.9 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $256,000, while the average sales price during the same time period was around $297,000.

Type # Average $ Avg DOM
Listings Past 15 Days 102 $255,578
Total Active Listings 571
Newest Contracts Written 102 $252,955 61
Sold (closed) Past 15 Days 72 $297,134 70

* 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 last 72 homes sold in Overland Park were on the market an average of 70 days, while the last 102 homes to go under contract did so in an even quicker 61 days on average. We can assist you with buying or selling a home in Overland Park, so please contact us with any questions you have about Overland Park Real Estate. You can find detailed real estate information on our site regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Posted by Jason Brown