Through the end of June 2007 Overland Park has remained a stable area to sell real estate.
Overland Park is divided into three major areas through the Heartland Multiple Listing Service in Kansas City.
Here are some end of June 2007 stats for these areas:
Total Inventory: 1,139
Total Sales: 398
Months of Inventory: 2.9
Ave. Sales Price: $214,092
Expired or Withdrawn: 70
In the above area, the average sales price has increased from $196,016 to $214,092 compared with June of 2006.
The 2.9 months of inventory shows that this area is still selling homes in a respectable amount of time.
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Total Inventory: 858
Total Sales: 277
Months of Inventory: 3.1
Ave. Sales Price: $319,668
Expired or Withdrawn: 60
In the above area, the average sales price has decreased from $352,446 to $319,668 compared with June of 2006.
The 3.1 months of inventory is good indicator that this area is still selling in a respectable time but fetching a lower sales price compared to June of 2006.
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Total Inventory: 1362
Total Sales: 357
Months of Inventory: 3.8
Average Sales Price: $457,451
Expired or Withdrawn: 94
In the above area, the average sales price has increased from $410,716 to $457,451 compared with June of 2006.
The 3.8 months of inventory is not too bad considering these homes are in the upper bracket as far as price range goes.
Regardless of the ever impending media doom about real estate, Overland Park continues to be worthy of it's vote as a top ten place to live in America.
Visit my website to search for Overland Park Real Estate or call me, Paul Korodaj, for any questions you may have at 816-935-3474.
Information deemed reliable but not guaranteed. Pictures and stats taken from Heartland MLS.