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Market Update: November 2014

The third quarter numbers for the metro have been released and reveal some interesting statistics. As we currently sit heading into the fall, inventory levels all over the metro and particularly in Johnson County are at a year-to-date low. These statistics are typically used to define what we call a buyer or sellers market. By definition, the entire metro is still a “sellers market” with absorption rates of less than 6 months and Johnson County at 3 months. Closed sales are down metro wide compared to last year, yet the declining inventory levels have pushed average sales prices up as well. Check out the numbers for your zip code in particular by looking at the 3rd quarter report here.

Some Johnson County zip codes have seen average sales price increases as high as 20% with a county wide average of 3.2%. Although these numbers are helpful to understand the overall state of the market, nothing can replace the expertise of your agent who can bring the data from the metro, your neighborhood and your particular home together for you. If you’d like a more comprehensive market analysis of your home or if you or someone you know is thinking of buying or selling in the near future, don’t hesitate to call us to schedule a free consultation. Knowledge is power!

Let us put our experience to work for you!

If you have questions about buying or selling your home, or if you are relocating to the Kansas City area, give us a call 913.599.6363 or send us an email.

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By the way, do you know someone who needs a Realtor by their side?

Let us know! We’re never too busy to work with more great clients and we promise to take excellent care of your referrals!

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Last Updated on October 30, 2014

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When compared to other listings, ours was remarkable!

The pictures of the house for brochures and the website were amazing! When compared to other listings, ours was remarkable. We believe it helped get people in our house to take a tour...

The Rhodes

Kansas City Real Estate | Group O'Dell
5
2018-08-08T15:39:21-05:00

The Rhodes

The pictures of the house for brochures and the website were amazing! When compared to other listings, ours was remarkable. We believe it helped get people in our house to take a tour...
https://groupodell.com/testimonials/when-compared-to-other-listings-it-was-remarkable/
5
1
Kansas City Real Estate | Group O'Dell

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7300 W 110th St #700
Overland Park, KS 66210

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