Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for Johnson County Kansas
Recent 15 Days of Johnson County KS Market Activity
Using the past 15 days of real estate market stats in the chart below to figure the absorption rate in Johnson County Kansas, there’s currently 11.4 months of inventory on the market. This is the highest I’ve seen in some time and a sales rate of under 400 sales a month in the county is not high enough for an inventory of more than 4,000 homes on the market. There’s slightly better news in the number of homes that went under contract over the same 15-day period. If we use the figure of the 279 homes that went under contract to figure the absorption rate in Johnson County (under the assumption all will close), there’s 7.8 months of inventory – which is still high.
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
591 | – |
– |
Total Active Listings |
4,345 |
– |
– |
Newest Contracts Written |
279 | $250,438 | 119 |
Newest Sold (Closed) |
190 | $279,409 | 103 |
* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.
If you’re about to buy or sell any Johnson County Kansas real estate, please contact me for assistance. We’ll get you the market stats specific to your area of Johnson County KS. Whether you’re buying or selling a Johnson County KS home, we’ll provide you expert real estate guidance. So don’t hesitate to let me know how we can assist you.
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Posted by Jason A. Brown