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

Johnson County Kansas Real Estate Update

Johnson County KS Real Estate Market Stats <> 7-day Glance

* Average Newest Under Contract 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 Note the date of this post as market stats become outdated.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 7 days and stats were pulled in the AM on 4/23/09.

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 in Johnson County KS. Using the past 7 days as a basis for figuring the absorption rate in Johnson County, there’s about 14 months of inventory on the market. Again, that’s using the 72 homes sold to calculate the absorption rate. If we use the homes that went under contract instead (and assume they’ll all make it to the closing table), then the absorption rate is a much improved 4.8. This shows us that contracts being written has REALLY picked up with the spring market.

Do keep in mind that a 7-day period is a very small sampling of Johnson County Kansas market activity and designed to simply provide look at the what’s going on now in the current real estate market. While a 7-day period could indicate a trend forming it does not necessarily show a real estate markets long-term trend.

Posted by Jason A. Brown

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