Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in Overland Park Kansas and comparing it to the current volume of homes for sale in the city, we find there’s 7.5 months of inventory on the market. This amount of inventory indicates a buyer’s real estate market in the city of Overland Park. While the low number of homes sold (35 homes closed) was surprising, what’s really interesting is the huge number of homes that went under contract (127) during the same period. If we were to assume all those homes will make it to closing, and use that sales rate rather than the homes sold, it would calculate to 2.1 months of inventory — a low volume of inventory that we haven’t seen in nearly a decade in Overland Park.

* 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 average new listing the past 15 days came on the market around $281,000, while the average sales price was nearly $239,000. We can assist you with buying or selling a home in Overland Park, so please contact us with all of your real estate related questions. You can also find more details here regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

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Posted by Jason Brown