How Are Overland Park KS Home Sales Doing?

How are Overland Park KS home sales doing?

It is not surprising to have homeowners ask How are Overland Park KS home sales doing?  I love being able to tell them that home sales in Overland Park continue to improve.  Plus, Overland Park KS was just named by Money Magazine in the top 10 list of America's best small cities to live. That is "doubly" good. 

Homes for sale in Overland Park KS

For August 2012, Heartland Multiple Listing reflects  that for residential real estate sales for Overland Park KS, the sales ratio to original list price is 99.7%.  This is clearly an increase, based on the chart below, from the previous month as well as for the prior 12 months.  

You may wonder what this increase in sales price ratio to original list price is based on.  As you may be hearing, there is a continuing lack of inventory of homes for sale.  I know that we are experiencing a lack of quality and well priced homes to show all price range of our buyers.  This is certianly contributing to higher sales prices for those homes that are well priced for their location and condition. How are Overland Park KS homes sales doing appears to be largely dependant on the amount of quality inventory there is available which in turns helps to increase the sales price and Overland Park KS home prices.   

Considered an area that continues to appeal to all homebuyers, Overland Park KS continues to provide neighborhoods that offer affordable prices ranges for first time buyers, move up buyers and empty nesters.  So, how are Overland Park KS home sales doing?  Whether you are an Overland Park KS home buyer or Overland Park KS home seller, the Overland Park KS real estate market is on a positive track.