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
After calculating the absorption rate over the past 15 days in Johnson County Kansas, we can determine there’s currently 11.3 months of inventory on the market. This is a lot of inventory and a sale’s rate of around 300 sales per month is not eating quickly enough into an inventory of nearly 3,500 homes on the market. Of course, the 15-days of stats includes both of the holidays and the market is always slow at this time of year.
|
Type |
# |
Average $ |
Avg DOM |
|
Listings Past 15 Days |
202 | $277,369 |
– |
|
Total Active Listings |
3,430 |
– |
– |
|
Newest Contracts Written |
184 | $236,427 | 121 |
|
Newest Sold (Closed) |
151 | $228,133 | 144 |
* 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.
Things could improve quickly if sales pick up as they often do after we enter a new year. Of concern is an average list price on the new listings of about $277,000 while the average sales price in Johnson County during the same time was under $230,000. If your real estate goals involve buying or selling a home in Johnson County Kansas, working with a knowledgeable Johnson County Kansas Realtor will put you at an advantage in your transaction. Please let me know how I can assist you with the process of buying or selling an area home.
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Posted by Jason A. Brown
