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 Kansas, we see there’s 9.5 months of home inventory on the market. This is high and it clearly remains a buyer’s real estate market in the city of Overland Park. The average list price of the homes coming on the market the past 15 days was perfectly in line with the $250,962 average sales price over the same period. So it appears sellers are putting there homes on the market with realistic expectations. The days on market of the homes sold recently is a concern and has crept up to 140 days on market.

* 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.

Of additional concern is seeing that there was double the number of homes coming on the market as selling over the 15-day period. The more inventory on the market for buyers to choose from, the tougher the market becomes for Overland Park home sellers. If buying or selling an Overland Park home is in your plans, please contact me to discuss your real estate goals. Whether your plans involved buying or selling a home, please let me know more about the areas that interest you so we can analyze the market stats that affect your real estate decisions.

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Posted by Jason A. Brown