Checking The Pulse Of The Kansas City Real Estate Market

The July real estate market stats for Kansas have been posted by the local association of Realtors and show continued improvements for housing in both volume of home sales and in average sales prices. Across Kansas, home sales rose 14.1% compared with July 2011. This impressive jump follows up on last month’s 8.7% improvement in volume of home sales.

Average sales prices rose 3.5%, following up on last months 6.0% jump. Using July’s sales rate compared against the volume of homes for sale at the time the stats were pulled, there’s 5.3 months of inventory on the market. The stats a month ago showed Kansas with 5.1 months of real estate inventory, both of which represent firmly balanced real estate markets. This makes four months in a row that Kansas has been in a balanced real estate market with stabilized property values.

The local Johnson County Kansas real estate market has remained exceptionally strong. In July there were 939 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 virtually the same as when we checked last month as Johnson County Kansas continues to remain in a seller’s real estate market.  

Posted by Jason Brown