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Housing Inventory for 66212 Overland Park for October 2018
How was the housing inventory for 66212 Overland Park for October 2018? A normal real estate market requires a 6 month supply of inventory of homes for sale in order for home prices to increase “only with inflation.” The real estate market has been on a decline of housing inventory for quite some time. This has led to home price increases throughout our KC Metro and including the area of Overland Park 66212. Take a look for yourself at homes for sale in 66212 Overland Park KS.
The chart below shows the housing supply for the prior 12 months for homes in 66212. As you can see, there has not been a significant increase in housing inventory.
While there has not been any significant increase in housing inventory for 66212, I believe that closely monitoring inventory in terms of new listings of homes for sale in 66212 Overland Park KS is critical. If and when we start to see an increase in available homes for sale, we could be starting to see a change in the market from a Seller's market to that of a "normal market." I know this is what I will be heavily focusing on in order to provide my ... more
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