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Winter 2012 Market Update
Pricing your home correctly in this market is key, then condition/ staging and location! If you can qualify, now is an exceptional time to buy a home in Overland Park. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 913-832-3705.
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| Average Home Price | $325,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $250,000 - $299,000 |
| Worst Selling Price Range | $400,000 - $449,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Overland Park is | Decreasing |
| Seller Activity for the past 90 days in Overland Park is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Sellers are getting multiple offers when the condition is excellent and the home is the top 10% of the top 10% OR if the home is listed and marketed for 3-5% below market value! |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is definitely available for most buyers in Overland Park! Rates are at 4% and going lower! |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | We have 500 single family homes active as of 9/15/2011. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Kansas City, KS |
| Housing Hot Spots | Our inventory is as low as it’s been in YEARS! Our prices are lower than ever, interest rates are low and financing is available. If buyers are wanting to buy they really should quit stalling. As soon as interest rates go up at all - then you’ve lost the benefit of the lower price! |
| Average Sold Price | $325,000 - View Graph Trend |
Overland Park Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Kulp and Company
913-568-3844
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Kulp and Company
Keller Williams Legacy Partners, Inc
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 913-568-3844
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