Checking The Pulse Of The Kansas City Real Estate Market
The most recently released Kansas Association of Realtor market stats, covering home sale activity for Kansas during December, indicate home sales volume rose 1.3%. This improvement comes after a rare decrease in homes sales at last month’s check. The rise in home sales is impressive considering the majority of the closings would have had contracts around the holiday season, which is typically a slow time of year for real estate activity.
Overall in the state of Kansas, we moved from a balanced real estate real estate market and into a slight seller’s market with 4.8 months of inventory on the market. This is down from last months 5.8 months of inventory on the market. In addition to the rising home sales volume, the average home sale price in Kansas also rose. Compared to last December, home sales prices increased 1.4%, which follows up last month’s 11.3% increase.
Locally in Johnson County Kansas, a seller’s real estate market continues with 428 homes sold (closed) during the past month. Compared to the current volume of homes for sale in Johnson County Kansas, we have 4.2 months of inventory currently for sale in the county.
Posted by Jason Brown