February 2020 Overland Park Home Sales for Zip Code 66212
The housing market for 66212 remained strong through February. So, how did February 66212 Overland Park home market end up in terms of home sale prices? Here is a quick market snap shop of sales price for 66212 that shows the Median Sales Price for February 2020 was $240,000 as compared to $215,000 for January.
This Median Sales Price for February 2020 home sales prices for zip code 66212 of Overland Park reflected a change over the previous month of +11.63% and an increase of +3% over the last 12 months.
As I previously posted in January, while we saw a lower median home sales price for January for 2020 homes sales prices for zip code 66212, I did expect that we would experience greater sales prices for the end of February which we did. By quite a bit....+11.63%.
With the unexpected Covid Crisis, I do not have enough data to provide an opinion of what the home sales price will look like at the end of March. Although, the end of April will most likely reflect a better understanding of how the Covid has affected the home sales for 66212. and for the upcoming months.
I do not, however, expect that we will see any significant change in homes values for 66212. Why is this my opinion? Our Inventory levels for supply of homes for sale in Overland Park including zip code 66212 remain well below the amount of homes for sale needed to meet demand. As Buyers grab up the inventory of homes that are available to take advantage of historically low mortgage interest rates, the homes that are for sale will likely increase in sales prices.
If you are wondering what your "Equity Assessment of Your Overland Park Home is", reach out to me for a quick Assessment Analysis...text or call me at 816-520-0917 or email me.