Hands On The Heartland
The Pulse Of The Kansas City Real Estate Market
City of Overland Park Kansas Real Estate Update <> 15-day Glance:
Overland Park KS Real Estate Market Stats
|
Type |
# |
Average $ |
DOM |
|
|
Newest Listings |
57 |
$346,967 |
– |
View These Listings |
|
Total Active Listings |
948 |
– |
– |
– |
|
Newest Pending |
22 |
$299,803* |
105 |
View These Pendings |
|
Recently Sold (Closed) |
31 |
$251,306 |
72 |
View These Solds |
In the city of Overland Park Kansas there continues to be more homes coming on the market (57) than homes going under contract (22 new pending) or than homes being sold (31 closed). This creates a further surplus of supply in Overland Park. Using the past 15 days as a basis for figuring the absorption rate in Overland Park, there is just over 15 months of inventory on the market. Keep in mind that a 15-day period is a small sampling of market activity designed to look at the what’s going on now in the current real estate market. A 15-day period doesn’t necessarily show a real estate markets long-term trend. Also note that January is a typically slow time of year for sales. We’ll check back later this winter to see how things are looking.
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Posted by Jason A. Brown
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