Overland Park Kansas Real Estate Update – November 2009

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

City of Overland Park Kansas Real Estate Update
Past 15 Days of Overland Park KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
135 $269,807
Total Active Listings
974
Newest Contracts Written
83 $261,969 80
Newest Sold (Closed)
108 $235,192 69

* 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.

Overland Park Kansas

Overland Park Kansas

Using these past 15 days of market stats to figure the absorption rate in Overland Park KS,  there’s currently 4.5 months of inventory on the market.  This is slightly worse than the 4.2 months of inventory we saw when we checked back in October. But in today’s real estate market, it’s pretty typical.  The days on market of the homes that sold was a solid 69, however it’s gotten longer (80) on the 83 homes that most recently went under contract. This is also not unexpected as we’re heading into the traditionally slow time of year for real estate sales.

Please keep in mind that this is just the most recent 15 days of Overland Park market stats. Market conditions  can vary greatly from one subdivision to another in Overland Park, so be sure to ask your Overland Park Realtor for the market stats specific to the community that interests you most.

View Past Overland Park Kansas Real Estate Stats

Overland Park Kansas Buyer’s Agents

Overland Park Kansas Seller’s Agents

View All Overland Park Kansas Homes On Kansas City MLS

Posted by Jason A. Brown

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