Checking The Pulse Of The Kansas City Real Estate Market

The most recent real estate market stats released by the Kansas Association of Realtors (covering the month of July) show a continued strengthening of the Kansas housing market. Home sales volume increased in July, while home sale prices continued to rise. Home sales were up an astounding 17.8% compared to the prior July and this follows up on last month’s 5.5% jump.

The stats released the prior month showed Kansas was already in a seller’s market (at 4.3 months of inventory) and this month’s stats show 4.1 months of inventory on the market state-wide. The average home sales price rose 9.3% compared to July of last year and this follows up a 4.9% increase at last month’s check.

In Johnson County Kansas, a seller’s real estate market remains continues with 747 homes sold (closed) during the past month. Factored against the current volume of homes for sale in Johnson County Kansas, there’s 3.2 months of inventory on the market, which indicates a strong seller’s market.

Posted by Jason Brown