Seller’s Real Estate Market Gaining Steam In Johnson County Kansas And State-Wide

Checking The Pulse Of The Kansas City Real Estate Market


The most recently released Kansas Association of Realtors real estate market stats (covering June) show a continued strengthening of the Kansas housing market. Both home sales volume and home sales price continued to rise in June. Home sales increased 5.5% compared during the month, which follows up a 14.2% jump in home sales the prior month.

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The stats released a month ago showed the state of Kansas had moved into a sellers market for the first time since the market downturn years ago (with 4.0 months of inventory on the market). This update shows a continued solid seller’s market in Kansas with 4.3 months of inventory currently for sale. Home sales price rose 4.9% compared to June of last year and that follows up a 9.5% increase at last month’s update.

The Johnson County Kansas seller’s real estate market also continues with 975 homes sold (closed) the past month. Factored against the current volume of homes for sale in Johnson County Kansas, there’s 2.4 months of inventory on the market. At last month’s check Johnson County KS had 2.6 months of inventory, thus indicating a further strengthening of the seller’s market present in Johnson County Kansas.


Posted by Jason Brown

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Lenexa Kansas Real Estate Market Update – August 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Lenexa Kansas Real Estate Update
Recent Real Estate Market Activity In Lenexa KS

Using the 32 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.3 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $222,000, while the average sales price during the same time period was around $266,000.

Type # Average $ Avg DOM
Listings Past 15 Days 42 $221,772
Total Active Listings 209
Newest Contracts Written 39 $247,816 72
Sold (closed) Past 15 Days 32 $265,893 85

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 32 homes sold in Lenexa were on the market an average of 85 days. We can assist you with buying or selling a home in Lenexa, so please contact us with any questions you have regarding Lenexa Kansas real estate. If you’re in the early stages of the process, you can find detailed real estate information on our site regarding selling a Lenexa Kansas home or buying a Lenexa Kansas home.

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Posted by Jason Brown

 

Home Sale Prices And Volume Of Sales In Kansas Continues To Favor Home Sellers

Checking The Pulse Of The Kansas City Real Estate Market


The most recent Kansas Association of Realtors real estate stats (for the month of May) indicates further strengthening of the state-wide housing market. Home sales volume continue to rise, as does resulting home sale prices. During the month of May in Kansas, homes sales increased 14.2% compared to May of last year. This follows up last months reported 7.8% increase in home sales.

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At last months check, the state was in a balanced real estate market but nearing a seller’s market (with 5.2 months of inventory). This month there is 4.0 months of inventory on the market and thus the state  has moved into a seller’s market. The rise in home sale prices was just as impressive with average sale prices rising 9.5% compared to May of last year. This follows up last month’s huge 13.7% increase in sale prices in Kansas.

Locally in the Johnson County Kansas area, the real estate market continues to heavily favor home sellers. Over the past month there were 933 homes sold (closed) and comparing this sales rate against the current volume of homes for sale, it calculates to 2.6 months of inventory on the market. This is an increase over last month’s 2.1 months of inventory but still represents a very strong seller’s real estate market in Johnson County Kansas.


Posted by Jason Brown

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With Only 2.5 Months Of Inventory In Johnson County Kansas, NOW Is The Time To Sell

Checking The Pulse Of The Kansas City Real Estate Market

School is out and with Memorial Day weekend here we’re seeing a rush of buyers getting out to locate a new home. If you’re one of the many who have been thinking about selling your home, now is definitely the time to get your home on the market. Sellers are turning their homes quicker than we have seen in many, many years and if you price your home appropriately, it could sell within a week. Many homes that are priced slightly above comparable sales are selling within weeks due to the lack of competition on the market.

Photo 1270You may be surprised at the market stats for your area and the price at which your home could sell in today’s real estate market. Overall in Johnson County Kansas, there were 893 homes sold the past month. Compared to the volume of homes currently for sale in Johnson County Kansas, there’s just 2.5 months of inventory on the market.  Don’t hesitate to contact us to go over the market stats on your specific home community because most areas of Johnson County Kansas are in a seller’s market… Some communities are even in a STRONG seller’s market. Contact us today to discuss how we can help you get your home SOLD!


Posted by Jason Brown

Lenexa Kansas Real Estate Market Update – April 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Lenexa Kansas Real Estate Update
Recent Real Estate Market Activity In Lenexa KS

Looking at the past 15 days of real estate sales activity in the city of Lenexa Kansas and comparing it to the current volume of homes for sale in Lenexa, we find there’s 2.8 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Lenexa and it’s the lowest volume of inventory I’ve seen in the city in many years. The average new listing the past 15 days came on the market around $334,000, while the average sales price over the same period was around $264,000.

Type # Average $ Avg DOM
Listings Past 15 Days 37 $333,511
Total Active Listings 143
Newest Contracts Written 40 $255,560 76
Sold (closed) Past 15 Days 26 $264,433 120

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 26 homes sold in Lenexa were on the market an average of 120 days. If you are looking to buy or sell a home in Lenexa and have questions about the area or market stats, please contact us for assistance. You can also find detailed information on our website regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

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Posted by Jason Brown

 

If You’ve Been Holding Off On Selling Your Johnson County KS Home, NOW Is The Time

Checking The Pulse Of The Kansas City Real Estate Market

What kind of Kansas City real estate market are we heading into this spring? The demand for homes is high, the supply of homes is low and new home construction is returning to be a player in our local market. Homes are selling in Kansas City, Johnson County Kansas, Overland Park and the surrounding areas at prices not seen since 2007 and nationally homes sales are up more than 9% for the year.

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The supply of homes is low, so low in fact that we’re having trouble locating homes for many buyers. This is the reality of it, though I expect the typical influx of spring listings will go a long way towards satisfying home buyer demand. If you are thinking about selling, or if you’ve held off selling attempting to wait out the real estate downturn, now is the time to sit down with us, go over your situation, and let us get to work getting your home sold. Appropriately priced homes are selling within 30 days.

Nationally, the supply of homes is down more than 20% from this time last year and at a level not seen in EIGHT years.  I’ve seen new home starts sprouting up across the metro and we’re seeing brisk sales in new home communities that had struggled mightily the past several years. Something to consider for resale sellers, the more builders that get back in the market, the more competition it is when selling… And all things being equal, buyers will choose a new home over a resale home. With interest rates so low, now is truly a better time than any in recent memory to be selling a home and making a move.

Posted by Jason Brown

No Slow Down Present With The Kansas Real Estate Market

Checking The Pulse Of The Kansas City Real Estate Market


The most recently released real estate market stats (covering the month of November) show the state of Kansas had further improvements in both average sales prices and volume of home sold across the state. The volume of homes sold rose 23.2% in November in comparison to November 2011. This is another big jump that follows up last month’s 20.5% increase in the number of homes sold state-wide in Kansas.

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Average home sale price rose 5.0% compared to November of last year. This jump in home sale prices follows up last month’s 3.8% increase. Comparing November’s sales rate against the volume of homes for sale, there’s 5.4 months of inventory on the market — an improvement on last month’s 5.6 months of inventory. Both calculations represent a balanced real estate market and trending towards a seller’s market. This makes nine straight months that Kansas has been in a balanced market.

Here locally in Johnson County Kansas, the real estate market remains in a seller’s market. In the past 30 days there were 554  homes sold in Johnson County Kansas. Comparing this sales rate against the current volume of homes for sale, there’s 3.7 months of inventory on the market. This is identical to the 3.7 months of inventory at last month’s check. All of this is excellent news for our local real estate market. 


Posted by Jason Brown

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The Rally For Homeownership Across The U.S. Makes It’s Kansas City Stop

Checking The Pulse Of The Kansas City Real Estate Market

Housing has led the way for every major economic recovery in U.S. history. To be sure our government is not overlooking the importance of housing, there’s a seven city Rally For Homeownership event across the U.S. and it’s making a stop in Kansas City next week. You can play an important role by attending the event next Tuesday 9/25/12 from 11:30am to 1pm. The free event is put on with cooperation of the National Association of Home Builders and as a former president of the KC Home Builder’s Association, my brother Mike Brown is chairman of the event.

Our lawmakers seem to have forgotten that housing generates jobs and stimulates our economy, so the objective of the Rally For Homeownership event is to ensure that our lawmakers DO remember that when they’re making decisions that affect our country’s short-term and long-term future. It’s up to us to remind Congress that Americans value the pride of homeownership, the investment that is homeownership, that owning a home is the American way and that it’s critical for our laws reflect these truths.

Speakers at the event will include Emanuel Cleaver (U.S. Representative), Nick Jordan (Kansas Secretary of Revenue), Kevin Stucker (President of the KC Home Builders Association), Don Reimal (Independence MO Mayor), Dave Lindstrom (Johnson County KS Commissioner) and Chris Koster (Missouri Attorney General).

The initial rally in Columbia South Carolina drew nearly 1000 citizens and spearheaded these additional 7 stops. The location for the Kansas City event is the Harry S. Truman Library and Museum in Independence MO and you can click here for directions. The event lasts 1.5 hours and I hope you’ll attend as this affects anyone who owns a home, hopes to own a home, works in a profession affected by the housing industry as well as anyone who simply cares about the great effect that the housing market has on our country’s economic recovery.


Posted by Jason Brown

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Lenexa Kansas Real Estate Market Stats – July 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Lenexa Kansas Real Estate Update
Recent Real Estate Activity In Lenexa Kansas

Using the past 15 days of real estate sales activity in Lenexa Kansas to calculate the city’s absorption rate, we find there’s 3.8 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Lenexa. The average sales price the past 15 days was nearly $274,000, while the average new listing came on market at close to $233,000.

Type # Average $ Avg DOM
Listings Past 15 Days 44 $232,708
Total Active Listings 242
Newest Contracts Written 34 $251,296 65
Sold (closed) Past 15 Days 32 $273,960 96

* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.

The last 32 homes sold (closed) in Lenexa were on the market an average of 96 days. We help Lenexa Kansas home buyers and home sellers achieve their real estate goals. If you’re considering purchasing or selling a home the Lenexa Kansas area, my real estate group would look forward to assisting you. Get more details here regarding selling a Lenexa KS home and with buying a Lenexa KS home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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For The First Time In Years, Johnson County Kansas Is Settling Into A SELLER’S Real Estate Market

Checking The Pulse Of The Kansas City Real Estate Market


The April housing market stats for Kansas have been posted by the Kansas Association of Realtors and indicate continued improvement in both the home sales rate and increasing home sale prices. State-wide, home sales rose 3.2% compared to April of 2011, which follows last month’s 11.6% jump. Nationally, home sales increased an average of a 10%, an indication the housing market is improving nationally as well. 

Average sales prices had another big jump, rising 8.7% in April… this coming after last months 10.5% increase. Using April’s sales rate compared against the volume of homes for sale, there’s 6.4 months of real estate inventory on the market across the state. This amount of inventory has moved the state of Kansas from a buyer’s market into a balanced real estate market for the first time in years.

Looking locally at the Johnson County Kansas real estate market stats, April was another solid month for home sellers. There were 747 homes sold during the month and comparing that sales rate to the current volume of homes for sale in Johnson County Kansas, there’s 4.1 months of inventory on the market. This is an improvement from 4.7 months of inventory on the market when we checked about a month ago in Johnson County KS. This amount of inventory continues last months jump into a seller’s real estate market in Johnson County.


Posted by Jason Brown

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