Comments Off on Overland Park Kansas Real Estate Market Update – January 2014 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 50 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 5.0 months of inventory on the market. This amount of inventory is bordering between a seller’s real estate market and a balanced real estate market in Overland Park Kansas. The average new listing the past 15 days came on the market around $326,000, while the average sales price during the same time period was around $256,000.

Type # Average $ Avg DOM
Listings Past 15 Days 125 $325,761
Total Active Listings 504
Newest Contracts Written 113 $256,523 78
Sold (closed) Past 15 Days 50 $255,736 80

* 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 50 homes sold in Overland Park were on the market an average of 80 days, while the last 113 homes to go under contract during the same time period did so in 78 days on average. We can assist you with buying or selling a home in Overland Park Kansas, so please contact us with any questions you have about real estate in the area. You can located in depth real estate on our website regarding selling an Overland Park Kansas home or buying an Overland Park Kansas home.

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Posted by Jason Brown

 

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