Checking The Pulse Of The Kansas City Real Estate Market

In the Johnson County Kansas real estate market, housing prices stabilized during the spring and summer months and that trend has continued into the fall. We’ve clearly gone from a market that buyers controlled to a more even playing field. The majority of buyers and sellers we sit down already have a good understanding of the current market the first time we sit down with them. In many cases, buyers have half the choices they had just a year ago. In other cases, home sellers are arching their backs and, generally, we’re seeing home buyers paying more than they were a year ago to get the home they want. 

Though home buyers are still in a position of strength overall, many are surprised they don’t rule the market. That’s understandable after the buyer’s market we experienced for much of the past five years. The market is clearly not what it was even 12 months ago, much less several years ago, and with no glut of homes for sale in Johnson County Kansas, the stabilization of home prices could quickly turn into rising home prices.  

The National Association of Realtors has reported 15 consecutive months of year-over-year gains in volume of sales nationally. Locally, the market has remained solid, with strong homes sales and a reasonable amount of inventory hitting the market each month. If we avoid a sudden high volume of new listings hitting the market this fall, we should be in solid shape heading into winter. Of course, the upcoming elections will surely go a long way towards determining where our local real estate market are come spring-time.

Posted by Jason Brown