Johnson County Kansas Real Estate Update – August 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for Johnson County Kansas
Recent
15 Days of Johnson County KS Market Activity

Comparing the absorption rate over the past 15 days in Johnson County Kansas to the number of homes currently on the market, there’s 10.3 months of inventory available. This is high and it’s clearly still a buyer’s market in Johnson County Kansas and the surrounding Kansas City metro area. As has been the trend for some time now, more homes came on the market (510) over the past 15 days, than homes sold (213) over the same period. This further increases the months of inventory and we’ll need to see a higher sales rate to work off the more the more than 4,000 homes for sale in Johnson County Kansas.

Type

#

Average $

Avg DOM

Listings Past 15 Days

510

Total Active Listings

4,385

Newest Contracts Written

265
$244,872 129

Newest Sold (Closed)

213 $245,387 138

* 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.

The number of homes that went under contract outpaced the number of actual closings, so there’s good potential news in those figures — assuming most those homes make it to the closing table. The homes that sold did so in about 4.5 months time. If your real estate goals involve buying or selling any Johnson County Kansas Real Estate, please contact me for assistance. When working as your Johnson County Realtor, we’ll provide you expert guidance in your home purchase or sale. Don’t hesitate to let us know if we can assist you by sending market stats specific to your subdivision or a surrounding community.

View Past Real Estate Stats On Johnson County KS

Buyer’s Agents In Johnson County KS

Seller’s Agents In Johnson County KS

Relocating to Johnson County Kansas

View All Listed Johnson County KS Homes For Sale

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Johnson County Kansas Realtors

Interesting Johnson County Kansas Link…
Johnson County KS 2011 Budget
Posted by Jason A. Brown