Overland Park Kansas Real Estate Update – October 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

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we can determine there’s currently 8.5 months of inventory on the market. This is high and almost identical to the stats we posted in September for Overland Park. The days on market has improved ever so slightly since that time. Still, we need to improve on a 140 sale a month pace to eat up the nearly 1,200 homes for sale in Overland Park.

Type

#

Average $

Avg DOM

Listings Past 15 Days

157 $238,694

Total Active Listings

1,183

Newest Contracts Written

86 $266,499 128

Newest Sold (Closed)

70 $243,414 107

* 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 your real estate goals involve buying or selling an Overland Park home, please contact us for assistance. We look forward to providing you expert listing representation when selling and/or expert buyer’s agent representation when buying an Overland Park home. If you aren’t currently being represented and just want some preliminary market stats on your area, please let me know more about your buying or selling situation.

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Posted by Jason A. Brown

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