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
After using the past 15 days of Overland Park Kansas real estate activity to calculate the city’s absorption rate, we find there’s 9.4 months of inventory on the market. This is high and indicates we remain in a clear buyer’s market in Overland Park. The pending home sales the past 15 days was promising with twice as many homes going under contract as closing during the same period. Despite the higher volume of pending sales, there were far too many new listings coming on the market for the demand — nearly 200 in fact.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
197 | $280,451 |
– |
|
Total Active Listings |
1,048 |
– |
– |
|
Newest Contracts Written |
122 | $275,652 | 119 |
|
Newest Sold (Closed) |
56 | $252,429 | 136 |
* 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.
The sizeable amount of real estate inventory in Overland Park gives area home buyers plenty of great choices across all price ranges. If your real estate goals involve buying or selling a home in Overland Park, please let us know how we can assist you. We look forward to answering questions and going to work representing your best interests in your home purchase or sale.
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Posted by Jason A. Brown
