Overland Park Kansas Real Estate Market Update – April 2012

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 5.2 months of inventory currently on the market. This amount of inventory indicates a balanced real estate market and the city of Overland Park yet again establishes itself as one of the strongest real estate markets in the Kansas City metro area. The homes that sold (closed) the past 15 days in Overland Park were on the market an average of 125 days.

Type # Average $ Avg DOM
Listings Past 15 Days 194 $318,285
Total Active Listings 819
Newest Contracts Written 130 $269,703 70
Newest Sold (Closed) 78 $259,164 125

* 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 sales price of the last 78 homes to sell in Overland Park was just over $259,000, while the average new listing the past 15 days came on the market at just over $318,000. If you’re making plans to buy or sell a home in Overland Park Kansas, my group is ready to guide you through the buying or selling process. Here’s information on how we can assist you with selling an Overland Park KS home or with buying an Overland Park KS home. Please contact us with any questions.

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Overland Park Kansas Real Estate Market Update – February 2012

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 5.1 months of inventory currently on the market. This is considered a balanced real estate market and the city of Overland Park continues to be one of the Kansas city metros most stable real estate areas. The average sales price the past 15 days was around $248,000 and the average new listing came on the market around $292,000.

Type # Average $ Avg DOM
Listings Past 15 Days 135 $292,117
Total Active Listings 726
Newest Contracts Written 106 $248,562 115
Newest Sold (Closed) 71 $248,217 121

* 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 last 71 homes to sell in Overland Park did so in an average of 121 days. If you’re making plans to buy or sell a home in Overland Park Kansas, my real estate group can guide you through the process. Here’s information on how we can assist you with selling your Overland Park home and with buying an Overland Park home. Please contact us with any questions you may have about the area or purchasing or listing an area home.

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Posted by Jason Brown

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Overland Park Kansas Real Estate Market Update – January 2012

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 5.9 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market, which is great news for Overland Park home sellers. Seeing 94 homes go under contract the past 15 days is even more impressive than 63 homes sold (closed) during the past 15 days. These market stats in Overland Park are all the more impressive considering the time of year.

Type # Average $ Avg DOM
Listings Past 15 Days 117 $267,812
Total Active Listings 744
Newest Contracts Written 94 $272,704 131
Newest Sold (Closed) 63 $245,390 163

* 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 sales price the past 15 days in Overland Park was about $245,000, while the average new listing came on the market at nearly $268,000. If you are making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding 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 don’t hesitate to contact us with any questions you may have.

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Search 20,000+ Homes For Sale In Kansas City, Johnson County KS, Overland Park And The Surrounding Area

Checking The Pulse Of The Kansas City Real Estate Market

Want to search all 20,000+ Kansas City homes for sale? Or do you just want to search the homes for sale in a specific price range, area or with other specific search parameters? You can do all that and, if you choose to, even save your favorites (for free) and come back later to login and view them! You can also set yourself up to receive automatic email updates whenever new homes for sale come on the market in Kansas City, Johnson County Kansas, Overland Park, Olathe, Lenexa, Leawood, Shawnee, Prairie Village and the surrounding areas — and YOU choose the search parameters that will trigger the system to send you an email notification.

Click Here To Start Search Kansas City Homes For Sale


Posted by Jason Brown

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Overland Park Kansas Real Estate Market Update – December 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 6.5 months of inventory currently on the market. This amount of inventory is considered a buyer’s market, though it’s just outside the 5 month threshold that would be considered a balanced real estate market. The homes that sold (closed) the past 15 days in Overland Park, did so in an average of 103 days.

Type # Average $ Avg DOM
Listings Past 15 Days 48 $244,212
Total Active Listings 801
Newest Contracts Written 70 $246,463 121
Newest Sold (Closed) 62 $237,577 103

* 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 sales price in Overland Park the past 15 days was nearly $238,000 and the average new listing came on the market around $244,000. If you’re planning to buy or sell a home in Overland Park Kansas, we look forward to providing you the information to make an informed real estate decision. Here’s more info 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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Overland Park Kansas Real Estate Update – November 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 6.0 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but not far from getting Overland Park into a balanced real estate market. Fewer homes have gone under contract the past 15 days than have sold (closed) and since all pending sales don’t close, that’s a trend worth tracking.

Type # Average $ Avg DOM
Listings Past 15 Days 101 $241,195
Total Active Listings 989
Newest Contracts Written 77 $253,321 164
Newest Sold (Closed) 82 $276,392 130

* 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 home sold the past 15 days did so in just over 4 months time. The average sales price of more than $276,000 was higher than the average new listing to come on the market over the same period – which is a solid trend. Should you be making plans to buy or sell a home in Overland Park Kansas, my group looks forward to guiding you through the process. Here’s some information about how we can assist you with selling your Overland Park home and buying an Overland Park area home. Please contact us with any questions!

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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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Overland Park Kansas Kansas Real Estate Update – September 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 8.1 months of inventory currently on the market. This amount of inventory indicates it’s a buyer’s market in Overland Park. The average sales price of the homes that sold (closed) the past 15 days in Overland Park was $261,273 and the average priced new listing was $279,559.

Type # Average $ Avg DOM
Listings Past 15 Days 147 $279,859
Total Active Listings 1057
Newest Contracts Written 93 $243,423 114
Newest Sold (Closed) 65 $261,273 108

* 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 homes that sold in the past 15 days were on the market 108 days and the homes that went under contract did so in slightly less time, which is a promising trend. If you’re planning to sell or buy an Overland Park Kansas home, we can provide you expert representation through the process. Here’s info about how we can assist you with selling your Overland Park home and 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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Overland Park Kansas Real Estate Update – April 2011

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 calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 9.4 months of inventory currently on the market. This is the same amount of inventory as when we checked the market stats in Overland Park about a month ago.  It’s still clearly a buyer’s market in Overland Park and we’ll need to see more closings or fewer new listings hitting the market if the months of inventory is to improve for area home sellers.

Type

#

Average $

Avg DOM

Listings Past 15 Days

183 $277,832

Total Active Listings

1,146

Newest Contracts Written

115 $269,630 130

Newest Sold (Closed)

61 $261,531 168

* 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.

There was good news in the average sales price as it was reasonably below the average list price over the 15-day period. The number of homes that went under contract were nearly double the number of closings and this could mean significantly improved stats in the near future. When buying or selling a home in Overland Park Kansas, it’s important buyers and sellers have an agent representing their best interests. If your plans involve buying or selling a home in Overland Park, we look forward to going to work as your listing agent or buyer’s agent. Please let us know how we can assist you further.

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Posted by Jason A. Brown

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Overland Park Kansas Real Estate Update – February 2011

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 looking over the past 15 days of Overland Park Kansas real estate activity, I used the figures to calculate the city’s short-term absorption rate. After taking into account the 946 homes for sale in Overland Park, we find there’s 10.8 months of inventory on the market. This is high and Overland Park home sellers need an improvement on an 88 home sale a month pace to eat into the 900+ homes for sale in Overland Park.

Type

#

Average $

Avg DOM

Listings Past 15 Days

158 $297,623

Total Active Listings

946

Newest Contracts Written

93 $260,111 157

Newest Sold (Closed)

44 $240,785 132

* 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.

There’s great news in the 94 homes that went under contract during the same 15-day period — that’s more than double the number of homes that closed. If we were to assume all those 94 homes under contract will close (and use that figure to calculate the absorption rate), we’d find there’s 5.1 months of real estate inventory in Overland Park.  5 to 7 seven months of inventory is considered a stable market, so let’s hope the sales trend continues. Still, average prices are a concern with the average home coming on the market around $297,000 but the average home selling for about $240,000.

When buying and selling real estate in Overland Park, you’ll want an agent who is on top of the area’s market conditions. Factoring in the current market conditions is the only way to ensure you are making a sound home purchase or sale. Please contact me when you’re ready for personalized real estate service.

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Posted by Jason A. Brown

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