Find area information and real estate listings for the Nottingham St. Andrews Subdivision, Overland Park, Kansas. Learn more about Nottingham St. Andrews, including available homes for sale, school info, and area reviews, from a local RE/MAX real estate agent.
Market update for Nottingham St Andrews in Overland Park KS: Strong seller's marketIn the last 12 months Nottingham St Andrews has had 15 homes sold/closed as of December 23, 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 1.25 home per month. At the time of writing there are no homes for sale in Nottingham St Andrews. If the most recent absorption rate continues it would take less than a month, on average, to sell a home if the market demand stays the same and the house is priced according to its condition and location. 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 homes 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.Nottingham St Andrews, being in higher than average demand compared to supply means that, in general, sellers have an advantage in terms of negotiations of terms.