As summer begins, despite the growing need for inventory, the sales numbers around the metro and particularly in Johnson County continue to drop compared to last year’s numbers. Again, this is almost fully due to the lack of inventory in the area. Yes, the current inventory lists over 14,000 active homes in the metro and over 3,000 in Johnson County, so many are confused by the consistent reporting of lack of inventory.
Market Update: July 2014
As appreciation is entered back into our metro equation and prices increase, this means that in comparison to the past few years, buyers feel that they are paying a premium for what inventory is available. Today’s buyer is looking for a home that is updated and move-in ready and much of the current inventory does not measure up to the current average buyer standard, but when a home does, it is likely to sell quickly and for top dollar.
It is still a seller’s market and If you are thinking of taking advantage of this market and selling your home in the near future, it is crucial that you take the time to meet with a professional to make sure that everything possible is done to present your home in it’s best light without spending too much on items that won’t bring much return. Call us today if the thought has crossed your mind and we’d be happy to have a consultation with you.