February 2017 Market Report – Johnson County
With the fact that, the supply of homes is down over 22% and the average sales price is up almost 10%, February continues to be a seller’s market in Johnson County.
Defined as “a market condition characterized by a shortage of goods available for sale”, a seller’s market is simply one in which there are more buyers than homes for sale.
Johnson County key metrics:
Closed Sales – 500
Average Sales Price – $311,716 (up 9.9%)
Median Sales Price – $250,000 (up 8.7%)
Days on Market – 61 (down 12.9%)
Supply of Homes – 1.4 months (down 22.2%)
It’s even more important in these conditions to work with an agent from The KC Homes 365 Team in order to market your home properly and help generate those multi-offer situations. And yes, there are still properties available in the area to buy. We’ll give you solid advice and strategies on finding and purchasing your next home. Contact us so we can discuss your options.
Kansas City Real Estate Statistics at a Glance
February 2017 Market Report – All of Kansas City