Overland Park Kansas Kansas Real Estate Update – October 2011

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Overland Park Kansas
15 Day Glance At The Overland Park KS Real Estate Market

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 5.3 months of inventory currently on the market. This amount of inventory indicates a balanced real estate market. A nearly 200 homes a month sales pace is eating into the available inventory at a solid pace in Overland Park. It’s also quite an improvement over the 8.1 months of inventory in Overland when we checked in September.

Type # Average $ Avg DOM
Listings Past 15 Days 149 $270,142
Total Active Listings 1047
Newest Contracts Written 82 $247,382 124
Newest Sold (Closed) 98 $226,140 139

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The stats indicate that the homes that are selling are doing so in around 4 to 5 months. If you are making plans to buy or sell a home in Overland Park Kansas, we can guide you through the process. Here’s information on how we can assist you with selling your Overland Park home or with buying an Overland Park home. Please contact us with any questions you may have and we look forward to assisting you.

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Posted by Jason Brown

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