Overland Park, KS Real Estate Market Report - Is it a buyer's, seller's or neutral real estate market?

Overland Park, KS Real Estate Market Report

Is it a buyer's, seller's or neutral real estate market?

September 2016 is a Seller's market in Overland Park*

Home For Sale in September 2016: 740 units.

•	Up 2.2% compared to the last month
•	Down 3.8% compared to the last year

Home Listed in September 2016: 359 units.

•	Up 13.6% compared to the last month
•	Up 4.4% compared to the last year

Home Closed in September 2016: 272 units.

•	Down 22.3% compared to the last month
•	Up 3% compared to the last year

Home Placed under Contract in September 2016: 167 units.

•	Down 39.7% compared to the last month
•	Down 35.5% compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales

 Seller's market: less than 3 months of inventory based on closed sales

 Neutral market: 3 - 6 months of inventory based on closed sales

September 2016 Average Sold Price per Square Footage is Neutral in Overland Park*

Average Sold Price per Square Footage in September 2016:$120 

•	Down 0.8% compared to the last month
•	Down 2.4% compared to the last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral

September 2016 Average Days on Market trend Remains Steady in Overland Park*

Average Days on Market in September 2016: 39 

•	Down 2.5% compared to the last month
•	Up 2.6% compared to the last year

*Based on 6 month trend - Rising/Falling/Remains Steady

September 2016 is a Seller's market in Overland Park*

Months of Inventory based on Closed Sales in September 2016: 2.7 

•	Up 29% compared to the last month
•	Down 6.9% compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales

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