Overland Park Kansas Real Estate Market Update – January 2014 Update

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 50 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 5.0 months of inventory on the market. This amount of inventory is bordering between a seller’s real estate market and a balanced real estate market in Overland Park Kansas. The average new listing the past 15 days came on the market around $326,000, while the average sales price during the same time period was around $256,000.

Type # Average $ Avg DOM
Listings Past 15 Days 125 $325,761
Total Active Listings 504
Newest Contracts Written 113 $256,523 78
Sold (closed) Past 15 Days 50 $255,736 80

* 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 50 homes sold in Overland Park were on the market an average of 80 days, while the last 113 homes to go under contract during the same time period did so in 78 days on average. We can assist you with buying or selling a home in Overland Park Kansas, so please contact us with any questions you have about real estate in the area. You can located in depth real estate on our website regarding selling an Overland Park Kansas home or buying an Overland Park Kansas home.

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Posted by Jason Brown

 

Kansas Real Estate Market Stats Remain Solid As We Head Into Slower Winter Season

Checking The Pulse Of The Kansas City Real Estate Market


The recently released real estate market stats for October show the state of Kansas had further improvements in both average sales prices and volume of home sold across the state. The number of homes sold rose 20.5% in October in comparison to October 2011. This is one of the largest increases I’ve seen in some time and follows up last month’s modest 0.2% increase in volume of homes sold.

Average home sales price rose 3.8% compared to October of last year. This jump in home sale prices follows up last month’s 6.6% increase. Comparing October’s sales rate against the volume of homes for sale, there’s 5.6 months of inventory on the market. The stats a month ago showed Kansas with 6.5 months of real estate inventory. Both calculations represent a balanced real estate market in the state of Kansas and that makes eight straight months that Kansas has been in a balanced market.

More locally here in Johnson County Kansas, the market remains exceptionally strong. Home sales have been solid and there hasn’t been an overwhelming influx of new listings hitting the market. The past 30 days there were 605 homes sold and using that sales rate (compared to the volume of homes for sale in Johnson County Kansas), there’s 3.7 months of inventory on the market. This is an improvement over the 3.9 months of inventory at last month’s check. This is a great trend as we head into what’s traditionally a slower time of year for homes sales.


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 3.7 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 last 102 homes sold in Overland Park were on the market an average of 82 days and had an average sales price of nearly $245,000.

Type # Average $ Avg DOM
Listings Past 15 Days 145 $287,045
Total Active Listings 755
Newest Contracts Written 122 $266,337 73
Sold (closed) Past 15 Days 102 $244,575 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.

122 additional homes went under contract the past 15 days and did so at an average sales price of more than $266,000. The real estate market in Overland Park remains solid and if you are making plans to buy or sell a home in Overland Park, my real estate group can help you achieve your goals. We provide expert representation to home buyers and sellers on a daily basis and you can find more information here regarding selling an Overland Park Kansas home or with buying an Overland Park Kansas home. Please contact us for assistance.

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Posted by Jason Brown

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Overland Park Kansas Real Estate Market Stats – July 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 3.2 months of inventory currently on the market. This amount of inventory indicates a continuation of the seller’s real estate market in the city of Overland Park. The average home sold the past 15 days was on the market 66 days and the average sales price was nearly $271,000.

Type # Average $ Avg DOM
Listings Past 15 Days 180 $319,831
Total Active Listings 806
Newest Contracts Written 123 $255,888 66
Sold (closed) Past 15 Days 127 $270,786 87

* 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 pending sales also continued at a brisk pace, with 123 homes going under contract the past 15 days. We work daily assisting Overland Park Kansas home buyers and home sellers with achieving their real estate goals. If you’re considering purchasing or selling a home the Overland Park area, my real estate group looks forward to assisting you. Get more details here regarding selling an Overland Park home or buying an Overland Park home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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