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 3.8 months of inventory currently on the market. This amount of inventory is considered a balanced real estate market in the city of Overland Park. The average sales price the past 15 days was about $255,000 and the average new listing came on the market at just over $279,000. The last 106 home sold (closed) in Overland Park were on the market an average of 84 days. That’s quick and shows the Overland Park real estate market remains very stable.

* 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.

Even more impressive than the 106 homes closed the past 15 days is the 169 homes that went under contract during the same time period. That’s eating up a ton of inventory and if that sales pace continues we could be headed towards a buyer’s market in the Overland Park area. We help Overland Park Kansas home buyers and home sellers and 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 about selling an Overland Park Kansas home and buying an Overland Park Kansas home. If you have specific questions, please contact my group for assistance.

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Posted by Jason Brown