Comments Off on Overland Park Kansas Real Estate Market Update – March 2014 Update

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 54 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.9 months of inventory on the market. This amount of inventory indicates a very slight seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $309,000, while the average sales price during the same time period was around $221,000.

Type # Average $ Avg DOM
Listings Past 15 Days 175 $309,402
Total Active Listings 525
Newest Contracts Written 140 $285,259 77
Sold (closed) Past 15 Days 54 $221,411 62

* 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 54 homes sold in Overland Park Kansas were on the market an average of 62 days, while the last 140 homes to go under contract were on the market an average 77 days. We can assist you with buying or selling a home in Overland Park, so please contact us so we can help evaluate your real estate options. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

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Posted by Jason Brown

 

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