Roeland Park Kansas, suburban Kansas City in Johnson County, Real Estate Market Update August 3rd, 2009
How many homes are for sale in Roeland Park KS?
As of August 3rd, 2009 there are 47 homes listed for sale in Roeland Park Kansas, suburban Kansas City in Johnson County. The current asking prices range from $74,900 to $234,950. About a 3% drop from my report 3 weeks ago.
How fast are Roeland Park homes selling and how much are Roeland Park homes selling for?
Since March 1st, 2009 84 Roeland Park homes have sold and closed. Since March 1st the homes in Roeland Park, suburban Kansas City KS have sold in the range of $45,100 to $214,500.
What is the sale trend for homes in Roeland Park?
The average absorption for Roeland Park homes is running just under 14 homes per month. With 79 homes on the market, this gives about a 5.5 months inventory of homes available. With this kind of market the prognosis is neutral of balanced.
The trend is picking up as far as sales volume. Credit is getting slighly easier to obtain although it will not return, at least anytime soon, to the easy credit access of 2003-2005. Those days are long gone.
Buyers are very interested in the $8,000 tax credit which is spurring interest in the market.
In General, interest rates are at or near generational lows, assuming you have good credit. Now is a great time to buy, while activity is starting up and there is time to get your low low low interest rate locked in.