Find area information and real estate listings for the Forest Glen by the Lake Subdivision, Overland Park, Kansas. Learn more about Forest Glen by the Lake, including available homes for sale, school info, and area reviews, from a local RE/MAX real estate agent.
In the last 12 Months Forest Glen by the Lake has had 21 homes sold/closed as of December 30, 2018. This ratio of homes sold over time is called the absorption rate. The most recent absorption rate averaged over the last 12 months is 1.75 home per month. At the time of writing there is only one home for sale in Forest Glen by the Lake. If the most recent absorption rate continues it would take, on average, just a few weeks to sell all of the homes for sale, assuming that all homes would sell, and that no additional homes came on the market.In general terms a market is considered balanced when the supply of homes equals 5.5 to 6.5 months of inventory compared to demand or absorption rate. The lower the month’s supply of home is, the seller tends to see an advantage in price or terms. The higher the months supply of homes the more advantage there is to the buyer in terms of price or terms.Forest Glen by the Lake being in much higher than average demand compared to supply means that, in general, sellers have an advantage in terms of negotiations of terms.Home sale prices in the last 12 months, as of December 30, 2018, ranged from an abnormal low of $285K to a high of $520K. Median sales price was $418K in that time period.