Hesitant sellers delaying recovery in Johnson County KS Real Estate

By
Real Estate Agent with Mike Russell & Associates SP00225692 Kansas

The most recent home sales figures for June were just released by The Kansas City Regional Association of Realtors and there were some very interesting trends. Sales were higher (up 17%), sales prices were higher (up 4%)  and average days to sell were lower. The most disturbing trend however was the supply of homes on the market.

Supply of available homes is down to 13,500 including both New homes and resale homes, that is a 6.8 months supply. 6 months supply equals an even market with anything above signaling a buyers market and anything below 6 months signaling a sellers market. While it might not sound like an undersupply of homes, an extemely large percentage of those properties are undesirable to say the least.

Would be home buyers are clamoring for new and better properties to come to market, the problem is that many sellers have decided that now is not the best time to place their home for sale. These decisions are delaying the recovery as many buyers keep waiting for better properties to come to market. 

Are you a seller holding back from listing your home? Let us show you why now is the best time to sell your home and how our Sell For Less commission plan will save you thousands on the sale of your home.

 

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 Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...

Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com  or www.SearchjocoHomes.com

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Rainmaker
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Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
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I think this is happening everywhere, in the entry level priced residential segment.   Still instability in the upper tier residential options.

Aug 01, 2012 05:12 AM #1
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