Johnson County Kansas Real Estate Update – September 2009

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


Johnson County KS Real Estate Update
Past 7 Days of Johnson County KS Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
596
Total Active Listings
3,869
Newest Contracts Written
401 $242,799 105
Newest Sold (Closed)
185 $232,712 121

* The Average $ of Newest Contracts 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 results.  Stats may not be an exact 15 days from date of this post.  DOM = Days On Market.

Johnson County Kansas Real Estate

Johnson County Kansas Real Estate

Using these past 15 days of market stats to figure the absorption rate in  Johnson County Kansas, there’s currently 10.5 months of inventory on the market.  That’s quite a bit of inventory and then more homes coming on the market than going off. But it’s interesting that more than DOUBLE the number of homes went under contract (401) as homes that sold (185) over the same 15 day period. If all those 401 homes made it closing (they all won’t), then the  months of inventory figured on this 15 day period would be a greatly improved 4.8 months of inventory.

Also, looking at 15 days of market stats is just a small snap shot of Johnson County Kansas real estate activity. Market conditions also vary greatly from one city to another and one subdivision to another. Be sure to look at the market stats that detail the precise area in which you’re looking to buy or sell a home. If you need additional information ,please post your request by commenting on this post – or you may email me privately.

View Past Johnson County Kansas Real Estate Stats

Johnson County Kansas Buyer’s Agents

Johnson County Kansas Listing Agents

View All Johnson County KS Homes For Sale On Kansas City MLS

Posted by Jason A. Brown

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