Market Trends

I am licensed in Kansas and Missouri and I mainly sell in Johnson County (Kansas) and Kansas City, Missouri. In Johnson County for the month of March (2008) 131 new homes sold with an average sale price of $372,438. In comparison to the same time last year, 162 new homes sold with an average sale price of $391,355. That is a 19.7% drop in sales and a 4.8% drop in average sale price. In the resale market there was a 14.28% drop in number of homes sold in March 2008 as compared to March 2007 but a 2.45% increase in the average sales price. So, when combining the new home sales and the resale, there was a 15.26% drop in sales and a .38% drop in average sale price.

Looking at Kansas City, for the month of March (2008) 60 new homes sold with an average sale price of $310,767. In comparison to the same time last year, 113 new homes sold with an average sale price of $245,061. That is a 46.9% drop in sales but a 26.8% increase in average sale price. In the resale market there was a 17.73% drop in number of homes sold in March 2008 as compared to March 2007 and a 9.2% drop in the average sales price.

To checkout homes for sale in my area please go to http://www.searchhomeskansascity.com/