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.

Overland Park Kansas Relocation Information

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View Additional Real Estate Stats On Overland Park

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Posted by Jason Brown

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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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