Checking The Pulse Of The Kansas City Real Estate Market

The recently released Kansas Association of Realtor real estate market stats (covering August home sales activity) show a continued strengthening of the housing market in Kansas. Compared to last August, home sales volume increased 7.2%. This increase follows an even larger 17.8% increase at last month’s real estate check.

The state of Kansas has been in a seller’s market for several months and there’s 4.5 months of inventory on the market at this check. This is up from the 4.1 months of inventory at last month’s check yet remains a seller’s market. Average home sales prices rose 7.6% compared to August of last year and this follows up an 9.3% increase at our check last month. Kansas has now had 25 straight months of year over year increases in home sales volume.  

In Johnson County Kansas, a seller’s real estate market also continues with 702 homes sold (closed) during the past month. Factored against the current volume of homes for sale in Johnson County Kansas, there’s 3.4 months of inventory on the market for home buyers to consider. This amount of inventory indicates the presence of a strong seller’s market as we head into the winter months.

Posted by Jason Brown