September 2013 Market Update on Johnson County Home Sales

Taking a look at the stats for the month of September, 2013, still shows the market very strong in Johnson County homes sales.  The historical median sales price is back up ABOVE where it was in the height of the market during 2006 and 2007.  The price of a home in pristine condition not only makes it sell at a greater percentage of the asking price, but it also sells more quickly.  The local Johnson County real estate market actually needs homes in great condition and those Sellers are being rewarded by receiving almost 96.6% of their asking price.  Not only that, but the days those homes spend on the market are very few, with disruption to Sellers’ lifestyle at a minimum.  Because inventory is still lacking in the Johnson County Homes For Sale, Buyers need to be aware when making an offer that they might very probably be in a bidding war and should go in with a serious, realistic offer.

There are currently 2,747 active resale listings in Johnson County, which is about a 3.3 month inventory of homes for sale.  This month’s closed contracts were 781, up a whopping 34% from the same month last year, and 17% from sales year-to-date..  Pending contracts, however,  were only 452, which fell significantly from this time last year.

Things generally slow a bit during September when school is beginning and family’s focus is elsewhere.  The Johnson County real estate market usually picks up a bit between now and the holidays, then relaxes once again when all the festivities begin. Those buyers out looking during the holidays are truly serious and motivated, so sellers who leave their homes on the market during this time and are getting showings, are generally getting people who are seriously interested in buying a home in Johnson County. The average number of days on market still shows that the properties in the best condition and priced reasonably still sell within the first 30 days.  The median sales price for resale homes for the month of September was $245,339, and for the total market in Johnson County the median price was $260,414.  These were both healthy increases from last year during the same time period.

If you have a quality product, and are considering putting it on the market, now would be a good time to consider it, if you are willing to endure some disruption during the holidays.  Otherwise, now is a great time to begin getting your home ready to put on the market for the Spring season, which generally begins around the middle of February.

If you have a quality product, and are considering putting it on the market, now would be a good time to consider it, if you are willing to endure some disruption during the holidays.  Otherwise, now is a great time to begin getting your home ready to put on the market for the Spring season, which generally begins around the middle of February. Download the 450 ideas to help you sell your Johnson County home!

Call us to have a market valuation of your home, and check out the tips we recommend for preparing your home for sale.  That way you will be ready to list it when the Spring market arrives…it will be here sooner than you think!  If you have any questions, feel free to call us at 913-312-3614.  We have been successfully selling Johnson County for over 20 years and would love to help you!

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