Overland Park Kansas Real Estate Market Stats – August 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 3.5 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 112 homes sold were on the market an average of just 65 days and had an average sales price of nearly $243,000. The average price on the new listings to hit the market the past 15 days was nearly $304,000.

Type # Average $ Avg DOM
Listings Past 15 Days 142 $303,517
Total Active Listings 774
Newest Contracts Written 150 $286,472 101
Sold (closed) Past 15 Days 112 $242,963 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 150 homes that went under contract the past 15 days is just as impressive as the volume of homes sold (closed) in Overland Park as the local market continues to improve for home sellers. If you’re considering purchasing or selling a home the Overland Park Kansas area, we look forward to assisting you through the process. Contact us to let us know about the areas and price range of homes that interest you. Get more details here regarding selling an Overland Park home and 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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Overland Park Kansas Real Estate Update – November 2010

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 calculating the absorption rate over the past 15 days in Overland Park Kansas, we see there’s 9.5 months of home inventory on the market. This is high and it clearly remains a buyer’s real estate market in the city of Overland Park. The average list price of the homes coming on the market the past 15 days was perfectly in line with the $250,962 average sales price over the same period. So it appears sellers are putting there homes on the market with realistic expectations. The days on market of the homes sold recently is a concern and has crept up to 140 days on market.

Type

#

Average $

Avg DOM

Listings Past 15 Days

120 $253,060

Total Active Listings

1,125

Newest Contracts Written

68 $262,518 109

Newest Sold (Closed)

59 $250,962 140

* 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.

Of additional concern is seeing that there was double the number of homes coming on the market as selling over the 15-day period. The more inventory on the market for buyers to choose from, the tougher the market becomes for Overland Park home sellers. If buying or selling an Overland Park home is in your plans, please contact me to discuss your real estate goals. Whether your plans involved buying or selling a home, please let me know more about the areas that interest you so we can analyze the market stats that affect your real estate decisions.

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Posted by Jason A. Brown

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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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