Overland Park Kansas Real Estate Update – July 2009

Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market
City of Overland Park Kansas Real Estate Update
Past 15 Days of Overland Park KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
200
280,534
All Active Listings
1124
Newest Contracts
137
254,110
75
Newest Sold (Closed)
133
248,170
91

* 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.

Using these past 15 days of market stats to figure the absorption rate in Overland Park Kansas, there’s currently 4.2 months of inventory on the market.  This is improving and Overland Park continues to be one of the most resilient real estate markets in the country. There were even a few more homes that went pending than closed, so it’s possible the next 30 days could be even better. We’ll see if sales rates continue to improve.

Please keep in mind that looking at 15 days of market stats is just a small snap shot of local Overland Park Kansas real estate activity. Market conditions also vary greatly from one subdivision to another and you don’t have to take just a macro look at market activity. You can feel free to contact me to obtain detailed market stats on YOUR specific city, community or subdivision within Overland Park, Overland Park zip code, etc.

View Past Overland Park KS Real Estate Stats

Overland Park Buyer’s Agents

Overland Park Listing Agents

View All Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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