Checking The Pulse Of The Kansas City Real Estate Market
The latest market stats from the Kansas Association of Realtors for the month February, shows home sales fell 2.5% state-wide. This fall was related to a shortage of available housing and not due to lessening demand. This decrease follows up a 3.8% rise in the volume of homes sales at our last monthly market update.
Overall in the state of Kansas, we remain in a balanced real estate market based on the 6.5 months of inventory currently for sale. This is up slightly from the 6.4 months of inventory at last month’s update. Despite the balanced real estate market, home prices in Kansas continue rising and were up 5.8%. This follows up a 2.6% rise in sales prices at our market update last month.
Locally in Johnson County Kansas, a seller’s real estate market continues with 596 homes sold (closed) during the past 30 days. Compared to the current volume of homes for sale in Johnson County Kansas, we have 3.2 months of inventory currently for sale in the county.
Posted by Jason Brown
