Tag Archives: Overland Park KS Real Estate Agents

Overland Park Kansas Real Estate Market – February 2015 Update

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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 30 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 8.9 months of inventory on the market. This amount of inventory indicates a buyer’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $324,000, while the average sales price during the same time period was around $376,000.

Type # Average $ Avg DOM
Listings Past 15 Days 156 $323,593 —
Total Active Listings 536 — —
Newest Contracts Written 150 $285,534 63
Sold (closed) Past 15 Days 30 $376,142 82

* 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 30 homes sold in Overland Park Kansas were on the market an average of 82 days, while the 150 homes to go under contract during the same time period did so in 63 days on average. We can assist you with buying or selling a home in Overland Park, so contact The Jason Brown Group with all of your area real estate questions. 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.

Overland Park Kansas Real Estate Information

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Posted by Jason Brown

 

Overland Park Kansas Real Estate Market – December 2014 Update

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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.

Overland Kansas Real Estate Information

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Listing Agents In Overland Park Kansas

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Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – October 2013 Update

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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 81 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.8 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 $290,000, while the average sales price during the same time period was around $274,000.

Type # Average $ Avg DOM
Listings Past 15 Days 129 $289,694 —
Total Active Listings 615 — —
Newest Contracts Written 109 $292,281 59
Sold (closed) Past 15 Days 81 $274,295 63

* 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 81 homes sold in Overland Park were on the market an average of 63 days, while the last 109 homes to go under contract did so in 59 days on average. We can assist you with buying or selling a home in the Overland Park Kansas area, so please contact us for assistance. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

Overland Park Kansas Real Estate Information

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Listing Agents In Overland Park Kansas

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Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – May 2013 Update

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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.

Overland Park Kansas Real Estate Information

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Listing Agents In Overland Park Kansas

Buyer’s Agents In Overland Park Kansas

Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – January 2013 Update

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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.

Type # Average $ Avg DOM
Listings Past 15 Days 119 $281,545 —
Total Active Listings 528 — —
Newest Contracts Written 127 $253,944 95
Sold (closed) Past 15 Days 35 $238,908 83

* 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.

Overland Park Kansas Real Estate Information

Search All Overland Park Kansas MLS Listing

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Listing Agents In Overland Park Kansas

Buyer’s Agents In Overland Park Kansas

Posted by Jason Brown

 

Overland Park Kansas Real Estate Update – February 2011

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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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Overland Park Kansas

Overland Park Kansas

Featured Overland Park Kansas Link…
Overland Park Farmer’s Market
Posted by Jason A. Brown

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Overland Park Kansas Real Estate Update – September 2010

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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, we can determine there’s currently 8.5 months of inventory on the market. This is high and not helped by the fact that over the past 15 days we saw more than double the number of homes come on the market as were sold over the same period. What we really need is a couple of months where there’s more homes sold (closed) than homes coming on the market to get the months of inventory back down in the five month range.

Type

#

Average $

Avg DOM

Listings Past 15 Days

 158 $278,834

–

Total Active Listings

 1,211

–

–

Newest Contracts Written

 81 $258,209 140

Newest Sold (Closed)

 71 $249,213 113

* 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.

The average sales price over the last 15 days in Overland Park was just under $250,000 and the average list price of the homes that went under contract is in line with this figure. Still, the average seller who put their home on the market believes their home is worth closer to $280,000. If your real estate goals involve selling an Overland Park home and/or buying an area home, please contact me for assistance. I look forward to going over the market stats that will have an impact on your real estate decisions.

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Interesting Overland Park Kansas Link…
Community Centers In Overland Park
Posted by Jason A. Brown

Overland Park KS Real Estate Statistics * 15-Day Update For Overland Park Kansas

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

City of Overland Park KS Real Estate Update

Overland Park Kansas Real Estate Market Stats <> 15-day Review

Type

#

Average $

Avg DOM

–

Newest Listings

192

$278,851

–

View Newest Listings

Total Active Listings

1,085

–

–

–

Newest Under Contract

87

$231,349*

77

View Newest Under Contract

Newest Solds (Closed)

64

$265,049

39

View Newest Solds

* Average Newest Under Contract 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 a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days and stats were pulled in the PM on 3/10/09.

Overland Park Kansas

Overland Park Kansas

In the city of Overland Park Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply in Overland Park KS. Using the past 15 days of homes closed (64) as a basis for figuring the absorption rate in Overland Park, there’s about 8.5 months of inventory on the market.

There were more pending sales than homes that actually closed and that looks promising. If we use the 87 Pending sales over the past 15 days as the basis for figuring the absorption rate in Overland Park, there’s a little over 6 months of inventory on the market in Overland Park. Do keep in mind that a 15-day period is a small sampling of market activity and designed to look at the what’s going on now in the current real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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