How is the Market?

Everybody always asks…how is the market? It’s an ice breaker question at any event or party attended.

The following are statistics from the local Heartland Multiple Listing Service. The numbers are reported the middle of each month.

July 2020 Statistics

Total resale inventory: 4,090

Johnson CountyJackson County
Inventory1,0211,308
New listings in July1,1991,444
Went under contract1,0461,178
Closed units1.1871,192
Average price$375,114 up 6% from 2019$222,127 up 8% from 2019
Average price last year$330,931$205,830
Average days from list date to contract date40 days37 days
Average list price to sale price100.1%99.3%
Supply of inventory1.4 months1.4 months

As you can see, the Overland Park real estate market remains a sellers market. So, how is the market? With only 1.4 months of inventory available, we are in desperate need of more homes to come on the market.

With the average days on the market in Johnson County of 40 days from list date to contract date, it’s obvious we have a shortage of homes that are priced right and look good.

How is the market? Quite honestly, if sellers and their agents would list homes at the right price, as well as stage them to sell, the market would be better. But while price is important, no one is going to buy a house they don’t see themselves living in. This is where the most important denominator of home staging comes into play. The price can always be adjusted but until someone falls in love with your home, nothing else really matters.

If you are considering selling in the Overland Park real estate market, we would love to talk to you. Selling your home in Overland Park can cost you thousands of your hard earned equity if you don’t do it right. It’s a perfect time to sell with prices skyrocketing over last year once again.

Let us show you how we sell our average staged home in 3 days or less, with multiple offers and for thousands of dollars over asking price.

Don’t be one of those houses that takes 40 days to sell. Why be an average house on the Overland Park real estate market when you can be SOLD FAST! We focus on driving your price up versus negotiating it down.

Also, to find out instantly your home’s Zaccurate Value from the local Multiple Listing Service versus the unreliable Zestimate, click here.

Or to schedule a walk through current market value opinion of your home, call or text us at (913) 515-3250 or contact us here.

See all Overland Park Homes for Sale