Tag Archives: Realtors In Johnson County Kansas

Real Estate Market In Kansas Continue Trends That Favor Home Sellers

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Checking The Pulse Of The Kansas City Real Estate Market


The latest Kansas Association of Realtors state-wide real estate stats (covering the month of February) indicate further improvement in both average sales prices and in the volume of homes sold (closed). Home sales increased another 3.4% in February compared to February 2011 market stats, following up last months big 11.6% jump.

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Although the state is still in a buyer’s market overall with 7.4 months of inventory on the market, the months of inventory continues to push towards a balanced real estate market – there was 7.7 months in inventory at last months check. 5 to 7 months of inventory is generally considered a balanced real estate market. The rise in home sale prices was even more impressive, with the average sales price rising an incredible 9.7% compared to February of last year. This follows up last month’s identical 9.7% increase.

Locally here in Johnson County Kansas, the real estate market remains solid for home sellers. Over the past month we saw 695 homes sold and comparing this sales rate against the current volume of homes for sale, it calculates to 3.1 months of inventory on the market. This is an improvement over last month’s  3.8 months of inventory. All of this represents a strengthening of the seller’s real estate market that has been present in Johnson County Kansas the past year. 


Posted by Jason Brown

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Volume Of Home Sales Up 11% In Kansas, Sales Prices Up 10%

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Checking The Pulse Of The Kansas City Real Estate Market


The latest released KAR state-wide stats (January’s stats) show the state of Kansas had further improvements in both volume of homes sold (closed) and in average home sales prices. Home sales volume jumped 11.6% in January compared to January 2011 market stats. This is another in a long line of monthly jumps and follows up a 15.9% increase in last month’s update.

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Average home sale prices rose 9.7% compared to January of last year and follows up last month’s 6.5% increase. There was an influx of new inventory during the month and January’s sales rate compared to the volume of homes for sale, resulting in 7.7 months of inventory on the market. There was 5.4 months of inventory in last month’s stats and the current volume of inventory represents a slight buyer’s market. This ends a run of 10 months of a balanced real estate market, but is likely more of a sign of the stats crossing the holiday season than a long-term trend. I expect by next month’s check the stats will have moved back into a balanced real estate market.

Locally here in Johnson County Kansas, the real estate market remains solid for home sellers. In the past 30 days there were 544 homes sold and comparing this sales rate against the current volume of homes for sale, there’s 3.8 months of inventory on the market. This is an improvement over last month’s 5.0 months of inventory and represents a seller’s market in Johnson County Kansas.


Posted by Jason Brown

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Real Estate Stats Across Kansas Continue Down A Favorable Path For Home Sellers

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Checking The Pulse Of The Kansas City Real Estate Market


The May housing market stats for Kansas, as recently posted by Kansas Association of Realtors, indicate continued improvements in both the home sales rate and home sales prices. State-wide, home sales rose a whopping 13.2% in comparison to May 2011. This follows up a 3.2% jump when checked last month. Nationally, home sales increased an average of a 9.6% compared to May 2011, showing further improvement in the housing market. 

Average sales prices rose 2.8% after last month’s 8.7% jump. Using May’s sales rate compared against the volume of homes for sale, there’s 5.6 months of inventory on the market. The stats a month ago showed Kansas with 6.4 months of real estate inventory, so this is the second straight month that Kansas has been in a balanced real estate market.

Locally in the Johnson County KS area, the market stats are even more impressive. In May there were 942 homes sold during the month. Comparing that sales rate to the current volume of homes for sale in Johnson County Kansas, there’s 3.3 months of inventory on the market. This is an improvement over last months already impressive 4.1 months of inventory on the market. This is all good news for Johnson County Kansas home sellers as we head into the heart of summer. 


Posted by Jason Brown

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Johnson County Kansas Real Estate Market Outpacing State Of Kansas Overall Stats

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Checking The Pulse Of The Kansas City Real Estate Market

My National Association of Realtors (NAR) report on May’s real estate market stats indicates that home sale fell more than 20% compared to last May. That may seem startling but we were still in the home tax credit era at that time last year, so you’d expect stats from a year ago to be better. NAR points out that May 2011 home stats compare favorably to May 2009 home stats (when there was no tax credit in effect skewing the numbers). The actual sales figures for 2011 compared to 2010 were 2,760 to  3,484 homes sold, respectfully. Nationally home sales fell 15%, May 2011 compared to May 2010.


When we compare the 20,261 homes for sale in Kansas (at the end of May) to the 2,760 homes sold during the month of May, we find there was 7.3 months of inventory on the market in the state of Kansas at the end of May. The average sales price in May of this year was $156,432, which is virtually identical to the $156,521 in May 2010. It’s apparent that Kansas home sellers continue to face a buyer’s market this summer.

Locally in Johnson County Kansas, the market continues to stabilize. 704 homes were sold in Johnson County Kansas this May. Compare that monthly sales rate to the 4,148 homes currently for sale in Johnson County Kansas and we find there’s 5.9 months of inventory in Johnson County. That amount of inventory is considered a stable real estate and could be a very good sign for Johnson County home sellers.


Posted by Jason Brown

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