Overland Park Kansas Real Estate Market – December 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 90 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.5 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $270,000, while the average sales price during the same time period was around $274,000.

Type # Average $ Avg DOM
Listings Past 15 Days 70 $270,226
Total Active Listings 624
Newest Contracts Written 75 $269,863 66
Sold (closed) Past 15 Days 90 $273,522 81

* 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 90 homes sold in Overland Park Kansas were on the market an average of 81 days, while the 75 homes to go under contract during the same time period did so in 66 days on average. We can assist you with buying or selling a home in Overland Park, so please contact The Jason Brown Group with all of your area real estate needs. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market – July 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 144 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.5 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $297,000, while the average sales price during the same time period was around $328,000.

Type # Average $ Avg DOM
Listings Past 15 Days 199 $297,136
Total Active Listings 720
Newest Contracts Written 160 $264,475 45
Sold (closed) Past 15 Days 144 $328,065 50

* 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 144 homes sold in Overland Park Kansas were on the market an average of 50 days, while the 160 homes to go under contract during the same time period did so in 45 days on average. We can assist you with buying or selling a home in Overland Park Kansas, so please contact The Jason Brown Group with all of your Overland Park real estate needs. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – April 2014 Update

The Pulse Of The Kansas City Real Estate Market

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

Using the 74 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.5 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park Kansas. The average new listing the past 15 days came on the market around $321,000, while the average sales price during the same time period was around $271,000.

Type # Average $ Avg DOM
Listings Past 15 Days 187 $321,338
Total Active Listings 520
Newest Contracts Written 189 $278,691 66
Sold (closed) Past 15 Days 74 $270,653 65

* 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 74 homes sold in Overland Park were on the market an average of 65 days and the last 189 homes to go under contract were on the market 66 days on average. The Jason Brown Group can assist you with buying or selling a home in Overland Park Kansas, so please contact us with any questions you have. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home or buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – November 2013 Update

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

Using the 72 homes sold (closed) in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.9 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $256,000, while the average sales price during the same time period was around $297,000.

Type # Average $ Avg DOM
Listings Past 15 Days 102 $255,578
Total Active Listings 571
Newest Contracts Written 102 $252,955 61
Sold (closed) Past 15 Days 72 $297,134 70

* 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 72 homes sold in Overland Park were on the market an average of 70 days, while the last 102 homes to go under contract did so in an even quicker 61 days on average. We can assist you with buying or selling a home in Overland Park, so please contact us with any questions you have about Overland Park Real Estate. You can find detailed real estate information on our site regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – May 2013 Update

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 the city of Overland Park Kansas and comparing it to the current volume of homes for sale in the city, calculates to 2.9 months of inventory for sale. This amount of inventory indicates a solid seller’s real estate market in the city of Overland Park. The average sales price the past 15 days was nearly $277,000, while the average new listing came on the market around $287,000 during the same time period.

Type # Average $ Avg DOM
Listings Past 15 Days 201 $287,027
Total Active Listings 562
Newest Contracts Written 184 $276,072 54
Sold (closed) Past 15 Days 96 $276,560 71

* 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 96 homes sold in Overland Park were on the market an average of 71 days. We look forward to assisting you with buying or selling a home anywhere in the Overland Park area, so please contact us with any questions you may have. You can also find detailed real estate information on our website regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – December 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

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

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 3.4 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Overland Park. The last 87 homes sold (closed) in Overland Park Kansas were on the market an average of 87 days and had an average sales price of nearly $249,000.

Type # Average $ Avg DOM
Listings Past 15 Days 77 $293,453
Total Active Listings 585
Newest Contracts Written 71 $247,794 72
Sold (closed) Past 15 Days 87 $248,654 114

* 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 $293,000. If you are considering buying or selling a home in Overland Park Kansas, my group can help you through the real estate process. Find more details here regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home. If you have specific real estate questions, don’t hesitate to contact us for assistance.

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Overland Park Kansas Real Estate Update – February 2010

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

Using the past 15 days of market stats in the chart below to figure the absorption rate in Overland Park Kansas, there’s 13 months of inventory currently on the market. This is extremely high and how long it would take to work off the 918 listings at a pace of 70 sales per month.  Take this with a grain of salt however, because the volume of closings we’re seeing right now are partially a reflection of the bad weather we had for a month. Showings were down drastically and without showings, sales obviously suffer. I find optimism in the high number of homes that went under contract — 100 sales is a lot for a 15-day period and if all of those homes were to make it closing (and we used that sales rate to figure the absorption rate), the absorption rate would be a drastically improved 4.6 months of inventory.

Type
#
Average $
Avg DOM
Listings Past 15 Days
130 $279,724
Total Active Listings
918
Newest Contracts Written
100 $275,738 100
Newest Sold (Closed)
35 $268,160 92

* 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.

If you’re having thoughts of buying or selling an Overland Park KS home, please contact me for in-depth market information and stats on the areas of Overland Park that most interest you.  Real estate is LOCAL and poor market stats in one community can give way to excellent market stats in the community right next to it. We look forward to assisting you with making an informed real estate decision.

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