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

After calculating the absorption rate over the past 15 days in Overland Park, we find there’s 7.5 months of currently inventory on the market. This is high but still solid for a city as large as Overland Park Kansas. It’s also much better than the 9.5 months of inventory on the market in Overland Park in November’s stats.

* 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.

For the first time in a while, there wasn’t a glut of homes coming on the market. If that continues and there’s even a modest increase in the number of home sales, Overland Park will get back into the 5 to 7 months of inventory range — which would indicate a stable real estate market. If your real estate goals involve buying or selling a home in Overland Park, please contact me for assistance. We’d look forward to assisting you with your area home purchase or sale.

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Posted by Jason A. Brown