Overland Park Kansas Real Estate Market Update – May 2014 Breakdown

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 103 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.0 months of inventory on the market. This amount of inventory indicates a continued seller’s real estate market in the city of Overland Park Kansas. The average new listing the past 15 days came on the market around $322,000, while the average sales price during the same time period was around $297,000.

Type # Average $ Avg DOM
Listings Past 15 Days 236 $321,870
Total Active Listings 617
Newest Contracts Written 185 $291,888 59
Sold (closed) Past 15 Days 103 $296,501 61

* 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 103 homes sold in Overland Park Kansas were on the market an average of 61 days, while the 185 homes to go under contract during the same time period did so in 59 days on average. We can assist you with buying or selling a home in Overland Park, so please contact The Jason Brown Group with all of your Overland Park Kansas real estate questions. You can also start the process by finding 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

 

Overland Park Kansas Real Estate Market Stats – October 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 3.7 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 102 homes sold in Overland Park were on the market an average of 82 days and had an average sales price of nearly $245,000.

Type # Average $ Avg DOM
Listings Past 15 Days 145 $287,045
Total Active Listings 755
Newest Contracts Written 122 $266,337 73
Sold (closed) Past 15 Days 102 $244,575 82

* 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.

122 additional homes went under contract the past 15 days and did so at an average sales price of more than $266,000. The real estate market in Overland Park remains solid and if you are making plans to buy or sell a home in Overland Park, my real estate group can help you achieve your goals. We provide expert representation to home buyers and sellers on a daily basis and you can find more information here regarding selling an Overland Park Kansas home or with buying an Overland Park Kansas home. Please contact us for assistance.

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Posted by Jason Brown

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Overland Park Kansas Real Estate Update – January 2011

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Overland Park KS
Recent
15 Days of Overland Park Kansas Market Activity

After calculating the absorption rate over the past 15 days in Overland Park, we find there’s 7.5 months of currently inventory on the market. This is high but still solid for a city as large as Overland Park Kansas. It’s also much better than the 9.5 months of inventory on the market in Overland Park in November’s stats.

Type

#

Average $

Avg DOM

Listings Past 15 Days

66 $279,037

Total Active Listings

1,016

Newest Contracts Written

58 $303,243 172

Newest Sold (Closed)

68 $259,279 163

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

For the first time in a while, there wasn’t a glut of homes coming on the market. If that continues and there’s even a modest increase in the number of home sales, Overland Park will get back into the 5 to 7 months of inventory range — which would indicate a stable real estate market. If your real estate goals involve buying or selling a home in Overland Park, please contact me for assistance. We’d look forward to assisting you with your area home purchase or sale.

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Posted by Jason A. Brown

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