Overland Park Kansas Real Estate Update * 15-days Of Overland Park KS Market Stats

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Hands On The Heartland
The Pulse Of The Kansas City Real Estate Market

City of Overland Park Kansas Real Estate Update <> 15-day Glance:

Overland Park KS Real Estate Market Stats

Type

#

Average $

DOM

Newest Listings

57

$346,967

–

View These Listings

Total Active Listings

948

–

–

–

Newest Pending

22

$299,803*

105

View These Pendings

Recently Sold (Closed)

31

$251,306

72

View These Solds

* The average price of the Newest Pending is the list price of the home when it went under contract – actual contract and/or sales price unknown until post-closing reporting. Notes: All information is deemed reliable but not guaranteed. If there is a low sampling of homes in any particular category, an average can be easily skewed high or low by an unusually high or low sale during the 15-day period. Note the date of the post as any market stats quickly become outdated. Depending on when the stats were pulled the stats may not be an exact 15 days.
 

In the city of Overland Park Kansas there continues to be more homes coming on the market (57) than homes going under contract (22 new pending) or than homes being sold (31 closed). This creates a further surplus of supply in Overland Park. Using the past 15 days as a basis for figuring the absorption rate in Overland Park, there is just over 15 months of inventory on the market.  Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. A 15-day period doesn’t necessarily show a real estate markets long-term trend. Also note that January is a typically slow time of year for sales. We’ll check back later this winter to see how things are looking.

WOULD YOU LIKE TO RECEIVE AUTOMATIC EMAIL UPDATES ON YOUR SUBDIVISION?
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1) In the Subject line put “Receive subdivision updates”.
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Note: Once completed, you’ll receive an email catching you up with the current market activity in your area. You’ll then receive an email update when homes in your area are listing, go pending, change price or are sold. 

Posted by Jason A. Brown

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