Ken Jansen REALTOR Overland Park reports monthly average home sales in Overland Park tops the 200 homes per month pace!
Overland Park Kansas Housing Market Conditions 09/12/2008

Overland Park had 1231 single family homes sell and close in the last 6 months, a pace of over 200 per month, counting all homes and price ranges, including existing homes and new construction. There are 894 single family homes listed for sale in Overland Park. Selling at an average of almost 7 homes per day, there is a just over 4 months supply of homes. Slightly a less than balanced market. The real story comes when the information is broken down by price range. Especially since the only market which really matters is the one you are in!

Upper Bracket Homes in Overland Park $500,000+

Upper Bracket Homes in Overland Park ($500,000+) accounted for 114 of the recent six month sales, based upon most recent listing price. There are 263 homes listed for sales in the $500,000+ range, which means the market is still overcrowded in that range with a roughly 14 month supply of homes (an improvement). Seller’s should review their house’s condition and curb appeal. If you have been on the market more than 30 days, talk with your agent about how the house could be presented better either in condition, price, terms, etc. When you want to sell and are looking for an aggresive and effective (99+%) sales agent give me a call at                   913-908-2215            or KenJansen@TopProducer.com

Overland Park Homes $200,000 and under

Overland Park Homes $200,000 and under are selling well, accounting for 443 of the last 6 month’s sales/closings. There are 205 homes listed for sale at $200,000 or less price. Selling at an average pace of 73 homes per month, there is just over 3.5 month supply of homes in Overland Park in this price range. This is the time to list your house and sell. Down payment assistance programs are going away, so if your home would be a nice first home for someone…sell it now!

Overland Park Homes $200,000 to $500,000

Overland Park Homes $200,000 to $500,000 are selling well. There have been 681 homes sold in the last 6 months listed in this price range. There are 430 homes listed for sale in this price range. This is closer to a balanced market. Selling at the rate of nearly 100 per month (HEY – PRINT THAT KANSAS CITY STAR!) give a roughly 3.7 months supply of homes, a slight seller advantage.

Summary – if you have an upper bracket home, realize the market is soft in your price range and adjust your plans accordingly. The lower priced homes are selling well, so as a buyer, you will want to adjust your plans to fit the reality of the market place. It will be the rare seller in the under $200,000 price range who is going to be willing to make many concessions on a house in good condition, since the market is strong. If, however, you are interested in buying UP in the down market, now is the time to assess your personal situation. Interest rates are low, upper bracket inventory is high, some sellers are very motivated.

If you are searching for a home in Overland Park, selling a home in Overland Park, or just wondering “How much is my Overland Park home worth?”, be sure to contact local real estate expert Ken Jansen REALTOR Overland Park at   913-908-2215   or KenJansen@TopProducer.com

www.kenjansenrealestate.com

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  1. This is a really large amount of homes to be selling a month, considering that many say that every single housing market is struggling incredibly hard. Looks like there are still places where people are buying.

  2. overlandparkrealestate

    Yes it is a lot of homes. Overland Park is one of the places that seems to be perpetually “in demand”. Overland Park has a great location, is serviced by outstanding school districts such as Blue Valley Schools, Olathe Schools and Shawnee Mission Schools, has world class shopping, and so on. Thanks for reading. Please come back when you can.




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