Overland Park Kansas Real Estate Market Update – December 2011

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Overland Park Kansas
15 Day Glance At The Overland Park KS Real Estate Market

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 6.5 months of inventory currently on the market. This amount of inventory is considered a buyer’s market, though it’s just outside the 5 month threshold that would be considered a balanced real estate market. The homes that sold (closed) the past 15 days in Overland Park, did so in an average of 103 days.

Type # Average $ Avg DOM
Listings Past 15 Days 48 $244,212
Total Active Listings 801
Newest Contracts Written 70 $246,463 121
Newest Sold (Closed) 62 $237,577 103

* 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 average sales price in Overland Park the past 15 days was nearly $238,000 and the average new listing came on the market around $244,000. If you’re planning to buy or sell a home in Overland Park Kansas, we look forward to providing you the information to make an informed real estate decision. Here’s more info on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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