Checking The Pulse Of The Kansas City Real Estate Market

The Kansas Association of Realtors has released the state’s August real estate market stats and they show continued improvements for housing in both average home sales prices and volume of home sales. Across Kansas, home sales rose 12.3% compared with August 2011. This is another impressive jump that follows up on last month’s 14.1% improvement in numbers of homes sold.

Average sales prices rose 3.8%, following up on last months 3.5% jump. Using the August sales rate compared against the volume of homes for sale at the time the stats were pulled, there’s 5.2 months of inventory on the market. The stats a month ago showed Kansas with 5.3 months of real estate inventory. Kansas has remained firmly in a balanced real estate market the past six months.

The local real estate market here in Johnson County KS is exceptionally strong as home sales have remained firm and there’s been no glut of listings hitting the market in recent months. In August there were 922 homes sold and using that sales rate (compared to the current volume of homes for sale in Johnson County Kansas), there’s 3.0 months of inventory on the market. When we checked last month there was 3.1 months of inventory on the market in Johnson County, both stats indicating a solid home seller’s market in the area.

Posted by Jason Brown