Overland Park Kansas real estate update for February 2018: Details on the Seller’s market & View Overland Park homes for sale

The Jason Brown Group

Overland Park KS Real Estate Update

There were 75 homes sold (closed) in Overland Park Kansas the past 15 days. In comparison to the 415 homes currently for sale in Overland Park, the city has 2.8 months of inventory on the market. This volume of real estate inventory indicates a seller’s market in Overland Park and a continuation of the extremely fast moving marked we’ve since in Overland Park for more than two years. The average new listing the past 15 days in Overland Park Kansas came on the market around a $376,000 list price and the average sales price during the same time period was nearly $331,000.

Type # Average $ Avg DOM
Listings Past 15 Days 136 $375,514
Total Active Listings 415
Newest Contracts Written 116 $326,552 59
Sold (closed) Past 15 Days 75 $331,429 75

* 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 75 homes sold in Overland Park Kansas were on the market an average of 75 days, while the last 116 homes to go under contract did so in 59 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Overland Park Kansas home.

The Jason Brown Group provides expert home seller representation, getting the majority of our homes sold in 21 days and 99% of list price. We provide expert home buyer representation through the real estate process, while helping clients locate the best available area homes for sale. Learn more about how we can help you with SELLING A HOME IN OVERLAND PARK or BUYING A HOME IN OVERLAND PARK. We look forward to helping you achieve your real estate goals… Contact us any time.

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Winner of Kansas City Chiefs Tickets Announced ~ The Jason Brown Group’s Quarterly Drawing!

The Jason Brown Group

Thank you to everyone who entered our drawing for tickets to the Kansas City Chiefs home opener!

Thank you VERY much for your friendship, business and referrals!

ENTER FUTURE DRAWINGS HERE!

 

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FREE Seller Home Cleaning… FREE Buyer Home Inspection… GIFT for Military Service Members… The Jason Brown Group’s Quarterly Promotions

The Jason Brown Group

The Jason Brown Group’s quarterly promotions are in effect through the end of July. We’re helping sellers with the costs of a home cleaning prior to putting their home on the market and we’re helping home buyers with the costs of their home inspection! If you’re a military service member, we’re giving our military clients a special additional gift as a thank you for your service!

Photo 1026View details and restrictions.

Contact us to start the buying or selling process!

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Overland Park KS real estate update for April 2017… Get details on the strong Seller’s market & search Overland Park homes for sale

The Jason Brown Group

Overland Park KS Real Estate Update

There were 102 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing this sales rate to the current 421 homes for sale in Overland Park, the city has 2.1 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Overland Park. The average new listing the past 15 days in Overland Park Kansas came on the market at nearly a $393,000 list price and the average sales price during the same time period was around $317,000.

Type # Average $ Avg DOM
Listings Past 15 Days 207 $392,958
Total Active Listings 421
Newest Contracts Written 197 $362,597 50
Sold (closed) Past 15 Days 102 $317,150 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 102 homes sold in Overland Park Kansas were on the market an average of 65 days, while the last 197 homes to go under contract did so in 50 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Overland Park Kansas home.

The Jason Brown Group gives Overland Park home sellers powerful representation and we get the majority of our homes sold in 30 days and for nearly 99% of list price. We represent Overland Park home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Overland Park Kansas home or buying an Overland Park Kansas home and contact us for personal real estate assistance.

Overland Park Real Estate Information

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Overland Park KS real estate update for May 2016… Get details on the strong Seller’s market & search Overland Park homes for sale

The Jason Brown Group

Overland Park KS Real Estate Update

There were 141 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing this sales rate to the current 478 homes for sale in Overland Park, the city has 1.7 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Overland Park. The average new listing the past 15 days in Overland Park Kansas came on the market around a $376,000 list price, while the average sales price during the same time frame was around $293,000.

Type # Average $ Avg DOM
Listings Past 15 Days 215 $376,061
Total Active Listings 478
Newest Contracts Written 196 $356,994 60
Sold (closed) Past 15 Days 141 $293,255 58

* 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 141 homes sold in Overland Park Kansas were on the market an average of 58 days, while the last 196 homes to go under contract did so in 60 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Overland Park Kansas home.

The Jason Brown Group gives Overland Park home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Overland Park home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Overland Park Kansas home or buying an Overland Park Kansas home and contact us for personal real estate assistance.

Overland Park Real Estate Information

View All Overland Park Homes For Sale

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Overland Park Kansas real estate update for February 2016… View details on the Seller’s market & Overland Park homes for sale

The Jason Brown Group

Overland Park KS Real Estate Update

There were 55 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing this sales rate to the current 462 homes for sale in Overland Park, the city has 4.2 months of inventory on the market. This volume of real estate inventory indicates a seller’s real estate market in Overland Park KS. The average new listing the past 15 days in Overland Park came on the market around a $343,000 list price, while the average sales price during the same time frame was around $251,000.

Type # Average $ Avg DOM
Listings Past 15 Days 109 $343,429
Total Active Listings 462
Newest Contracts Written 118 $291,629 86
Sold (closed) Past 15 Days 55 $251,146 54

* 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 55 homes sold in Overland Park Kansas were on the market an average of 54 days, while the last 118 homes to go under contract did so in 86 days on average. We can help you further assess these Overland Park real estate market stats and we look forward to assisting you with buying or selling an Overland Park home.

We give Overland Park home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Overland Park home buyer’s best interests throughout the home buying process and help with locating all the possible area homes that fit our buyer’s needs. Get general information on our site regarding selling an Overland Park Kansas home or buying an Overland Park Kansas home and then contact us for personal real estate assistance. 

Overland Park Real Estate Information

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Overland Park Listing Agents

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Overland Park Kansas real estate update for December 2015… View the Seller’s market breakdown & Overland Park homes for sale

The Jason Brown Group

Overland Park KS Real Estate Update

There were 81 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing this sales rate to the current 520 homes for sale in Overland Park, the city has 3.2 months of inventory on the market. This volume of real estate inventory indicates a seller’s real estate market in Overland Park. The average new listing the past 15 days in Overland Park Kansas came on the market at a list price around $288,000, while the average sales price during the same time frame was nearly $324,000.

Type # Average $ Avg DOM
Listings Past 15 Days 102 $287,608
Total Active Listings 520
Newest Contracts Written 96 $300,574 68
Sold (closed) Past 15 Days 81 $323,684 59

* 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 Kansas were on the market an average of 59 days, while the the last 96 homes to go under contract did so in 68 days on average. We can help you further assess these market stats and we looking forward to assisting you with buying or selling an Overland Park home.

We give home sellers powerful representation by getting our average listing sold within 60 days and for more than 98% of list price. We represent Overland Park home buyer’s best interests throughout the home buying process and help with locating all the possible area homes that fit our buyer’s needs. Get detailed information on our site regarding selling an Overland Park Kansas home or buying an Overland Park Kansas home and contact us when it’s time to start the real estate process.

Overland Park Real Estate Information

View All Overland Park Homes For Sale

Additional Real Estate Market Stats

Overland Park Listing Agents

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Kansas Home Sales Prices Continue To Rise Despite Dip In Home Sales Volume

Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtor market stats, covering home sale activity for Kansas during November, indicate home sales volume fell 7.1%. This slow down comes after a 3.5% increase in homes sales at last month’s check. The fall in home sales should not come as too big of a surprise however given how hot the market at this time last winter, which is what our current market is being compared against.

Photo 1490

Overall in the state of Kansas, we remain in a balanced real estate market with 5.8 months of inventory on the market. This is up slightly from last months 5.5 months of inventory. While home sales volume fell this month, average home sale prices continue to rise. Compared to last November, home sales prices increased 11.3%, which follows up last month’s 8.4% increase.  

Locally in the Johnson County Kansas, a seller’s real estate market continues with 578 homes sold (closed) during the past month. Compared to the current volume of homes for sale in Johnson County Kansas, we have 3.2 months of inventory currently for sale.

CONTACT THE JASON BROWN GROUP ABOUT BUYING OR SELLING A HOME IN KANSAS CITY, JOHNSON COUNTY KS, OVERLAND PARK OR THE SURROUNDING AREA


Posted by Jason Brown

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Overland Park Kansas Real Estate Market Stats – October 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 4.1 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 homes sold (closed) the past 15 days in Overland Park had an average sales price around $284,000, while the average new listing came on the market at nearly $318,000.

Type # Average $ Avg DOM
Listings Past 15 Days 132 $317,924
Total Active Listings 705
Newest Contracts Written 129 $263,587 78
Sold (closed) Past 15 Days 87 $283,505 104

* 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 homes sold the past 15 days in Overland Park averaged 104 days on market. If you’re considering buying or selling a home in Overland Park we can provide you market stats on any specific subdivision. You can also find more details here regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home. Please contact us with any questions.

Overland Park Kansas Relocation Guide

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Lowering Of Conventional Loan Limits Should Have Minimal Effect On Kansas City Real Estate Market

Checking The Pulse Of The Kansas City Real Estate Market

Fannie Mae is planning to be less involved in future upper bracket home purchases. Currently, most counties across the U.S., including all of our Kansas City metro counties, have a $417,000 maximum loan amount that Fannie Mae will back. This means if you need a $450,000 loan, you don’t qualify for a conventional loan backed by Fannie Mae and will need to search for a lender willing to deal with this price range loan. That would likely mean higher loan costs, a higher interest rate, etc. Since it doesn’t appear there will be any change to the $417,000 level, it appears our Kansas City real estate market is mostly insulated from the coming changes.

More expensive real estate markets across the country are sure to be effected however. During the mortgage lending crises of the past several years, Fannie Mae stepped in raising the maximum price on loans it would back. This was designed to help stabilize counties with the most fragile and expensive real estate markets (i.e. few lenders around who were willing to make loans on the homes). But now Fannie Mae is reeling things back in by lowering limits back closer to the lowest $417,000 figure. 

While Kansas City appears mostly insulated from these changes, any adverse affect on our delicate national real estate market threatens to have a trickle down effect.  With some reports indicating that national home prices have fallen back to 2002 levels, let’s hope the effects of these changes are minimal here in Kansas City, Johnson County Kansas, Overland Park and the surrounding areas.


Posted by Jason Brown

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