Thursday, October 20, 2016

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?

Overland Park, Overland Park KS, Overland Park Kansas, Overland Park real estate


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



Overland Park, Overland Park KS, Overland Park Kansas, Overland Park real estate