Checking The Pulse Of The Kansas City Real Estate Market

The June housing market stats for Kansas have been posted by the local association of Realtors and show continued improvements in both the volume of homes sold and average sales prices. State-wide, home sales rose 8.7% in comparison to June 2011. This follows last month’s huge 13.2% jump.

Average sales prices followed suit, rising 6%. This follows last months 2.8% jump in average sales prices. Using June’s sales rate compared against the volume of homes for sale, there’s 5.1 months of inventory on the market. The stats a month ago showed Kansas with 5.6 months of real estate inventory and Kansas has now been in a balanced real estate market three consecutive months.

The local Johnson County Kansas real estate market has been especially strong. In June there were 991 homes sold. Comparing that sales rate to the current volume of homes for sale in Johnson County Kansas, there’s 3.1 months of inventory on the market. This is an improvement over last months already impressive 3.3 months of inventory on the market. The inventory of homes for sale in Johnson County Kansas is lower than it’s been in more than five years, making this a great time to sell a Johnson County Kansas home. 

Posted by Jason Brown