Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Overland Park Kansas
Recent 15 Days of Overland Park KS Market Activity
This is a tricky time of year to be looking at real estate market stats, but using the past 15 days of market stats in the chart below, we can figure the absorption rate in Overland Park KS to be 12.5 months of inventory on the market. This is very high but keep in mind that very few real estate closings are typically scheduled during the holiday season. We’ll check these stats again in a few weeks and see how much improvement there is. There was good news to be found in the 35 sales we did see, as the average sales price was almost $13,000 higher than the homes that came on the market over the same period. The average days on market (63) of the homes that sold was very reasonable, however the homes that went under contract were on the market about twice that long (131 days).
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
52 | $247,970 |
– |
Total Active Listings |
880 |
– |
– |
Newest Contracts Written |
43 | $235,913 | 131 |
Newest Sold (Closed) |
35 | $261,770 | 63 |
* 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.
If you’re considering buying or selling a home in Overland Park Kansas, we’ll want to go over more than just a couple of weeks of market statistics. Let us know more about your specific real estate situation. Doing so will allow us to provide you market statistics relevent to YOUR real estate situation. We look forward to helping you make an informed real estate decision.
View Past Real Estate Stats On Overland Park KS
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Posted by Jason A. Brown