Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

Johnson County Kansas Real Estate Update <> 15-day Glance:

Johnson County KS Real Estate Market Stats

* Average Newest Pending considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew a particular category. DOM is Days On Market. Note the date of this post as market stats become outdated. Stats may not be an exact 15 days. Stats pulled AM on 2/4/09. 

Johnson County KS

In Johnson County Kansas there continues to be more homes coming on the market than homes going under contract (pending) or than homes being sold (closed). This creates a further surplus of supply. Using the past 15 days as a basis for figuring the absorption rate in Johnson County Kansas, there is about 15 and a half months of inventory on the market in Johnson County. 

Keep in mind that a 15-day period is a small sampling of market activity and designed to look at the what’s going on in the short term in our real estate market. While a 15-day period could indicate a trend it does not necessarily show a real estate markets long-term trend. For example, with the spring real estate market around the corner, if there were 250 sales in a 15-day period then it would calculate to about 8 months of inventory (under the assumption there’s the same number of listings on the market).

Posted by Jason A. Brown

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