Overland Park Real Estate During the Pandemic

As if you didn’t already know, selling and buying Overland Park real estate during the pandemic has changed. If you’re thinking of selling or buying a home in Overland Park, there are several things to consider. Real estate has developed a new normal during this Corona Virus Pandemic. Times are uncertain. It’s our goal to provide you with all the best information possible with Overland Park real estate during the pandemic…and moving forward.

Even though the stay at home order is over, many sellers and buyers are still concerned about the risk of exposing themselves to COVID-19. As professional Realtors, we are following the recommended guidelines. We have a Protection Plan in place to deal with all the possible risks for both sellers and buyers.

Is this a good time to sell your home in Overland Park?

It’s still a seller’s market for Overland Park real estate during the pandemic. There is about a month and a half of inventory currently on the market. There were 1,200 resale homes listed and 1,189 homes went under contract in June 2020. In addition, there were 1,020 closed sales in Johnson County in June. Plus list price to sale price was up again at 99.7%.

We always say the best time to sell your home is when it’s right for you. If this is your time, it’s definitely a great opportunity to sell.

Most important, we will make certain that any buyers entering your home are pre-approved for their home loan. In addition, we will provide all of the personal protective equipment necessary to make sure your home and your family are well protected.

Is this a good time to buy a home in Overland Park?

There is still a shortage of homes in Overland Park that are priced right and that look good. Whenever a great house comes on the market, there is always a flood of activity from pent up buyers. With that shortage of homes and interest rates still at an all time low, buyers are still making multiple offers.

How does unemployment affect the real estate market?

Unemployment is sure to hurt Overland Park real estate during the pandemic. Many people may become unable to pursue their current goals of selling or buying a home. Also, there is certain to be an increase of inventory due to homeowners suffering a financial hardship and needing to sell.

In conclusion

Your most important decision when considering selling or buying Overland Park real estate during the pandemic is to choose the right Realtor. Melinda Bartling is experienced, well informed and ready to do business in these special times. As the market continues to change daily, it’s important to choose your Realtor based on their skill of closing transactions successfully and interpreting the ever so changing market trends of Overland Park real estate during the pandemic and in the uncertain future.

If you would like to have a confidential conversation about whether this is a good time for you to sell or buy a home in Overland Park, please call or text us direct at (913) 515-3250 or contact us here.

Download our new app and tap into our local Heartland MLS system just like the Realtors do. It’s free for you with up to the minute accuracy. You’ll know about a house as soon as it comes on the market! Download the app here.