It's been a long haul back to here but there is finally some traction when it comes to home prices in Johnson County Kansas. Property values in Johnson County peaked in August of 2006 and started to fall towards the end of that year.
For the past several years many buyers were hesitant to venture back into the market for fear of losing more value. Why should I buy now if the market will go down another 5% this year proclaimed most buyers. Well that fear has finally been removed, we have seen 6 straight months of increased home sales and home prices.
So what is driving this sudden resurgence in home sales and prices? It is a combination of several things, low inventory of available homes, the lowest interest rates in history and a small rise in consumer confidence. Also adding to the upswing is a sharp decrease in foreclosures and available short sales.
If you have been waiting to sell or purchase a home in Johnson County Kansas, now may be your best opportunity. If you are seller, inventory is extremely low. There are buyers looking for your home. If you are a buyer, interest rates are really low and while prices are rising they are still incredible affordable compared to the peak in 2006.
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