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Overland Park Kansas Housing Market Update Jan 7 2009

By
Real Estate Agent with Prime Development Land CO LLC
Overland Park Kansas Housing Market Update January 6th, 2009

How many homes are for sale in Overland Park, KS?

As of January 7th, 2009 there are 951 homes listed for sale in Overland Park Kansas..

How many Overland Park Homes are selling?

In the last 6 months 782 homes have sold and closed in Overland Park KS. This is an average of 4.3 homes per day.

In the last 3 months, there have been 211 homes sold and closed in Overland Park KS. This is an average of 2.3 homes per day.

What caused the difference? Difficult to say with certainty, but there is the holiday season of course, and in mid September the $700 Billlion TARP or Bailout hit the news. Banks started to not lend money as readily and the general population got gripped with a little fear and paralysis.

In General, interest rates are at or near generational lows, assuming you have good credit. Now is a great time to buy, while activity is slow, before the anticipated spring heat up and get your low low low interest rate locked in.

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