Overland Park Kansas Real Estate Update – June 2010

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

Using the past 15 days of Overland Park Kansas real estate market stats, we can calculate the absorption rate and determine there’s currently 4.9 months of inventory on the market in Overland Park. This is typical of what we’re seeing in our current real estate market and the city of Overland Park remains one of the solid real estate markets in the Kansas City metro area.  If we are to lower the months of inventory currently on the market, we’ll need a larger volume of sales to eat up the 1,100+ homes currently for sale in Overland Park.

Type
#
Average $
Avg DOM
Listings Past 15 Days
169 $302,732
Total Active Listings
1,116
Newest Contracts Written
88 $263,556 64
Newest Sold (Closed)
113 $235,347 95

* 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 selling or buying a home in Overland Park Kansas, please contact me for assistance. I’ll get you the market stats on the specific areas of Overland Park that interest you and represent your best interests all the way through the real estate process.

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