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Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Comparing the past 15 days of real estate sales activity in Overland Park Kansas to the current volume of homes for sale in the city, we find there’s 1.9 months of inventory. This amount of inventory indicates a strong seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $297,000, while the average sales price during the same period was around $270,000.

Type	#	Average $	Avg DOM
Listings Past 15 Days	242	$297,275	—
Total Active Listings	599	—	—
Newest Contracts Written	192	$263,134	50
Sold (closed) Past 15 Days	156	$270,239	61

* 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 156 homes sold in Overland Park Kansas were on the market an average of 61 days. If you’re considering buying or selling a home in Overland Park, Kansas, we can help you through the process. Please contact us with any real estate questions you may have and you can start the real estate process by finding a wealth of real estate info on our site regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home.

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Posted by Jason Brown

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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