Hot Market

If you are actively seeking homes in the Johnson County, KS area and bit outside, you maybe getting frustrated as a buyer, and loving it as a seller.  Homes are going back to multiple offers, selling at or near listing price in less than a week.  The good ones go quick, the average ones could take a bit longer and the over priced are still sitting.  There are likely a few "good" deals out there but could be hard to find or get snatched up quickly.  I am finding some buyers starting to look for new homes are thinking we are in a similar market we were in prior, more of a buyers market.  It appears we are probably even but leaning more towards a sellers market currently.  Its great to see a HOT market again!  Take a look at the first graph below and notice the available inventory difference the market was just one year ago, a lot more options for buyers last year.  Both of the below graphs are based on stats from Overland Park, KS resale homes from $0-499,999.  If you are considering selling, now would be a great time!

* All reports are published April 2014, based on data available at the end of March 2014. All reports presented are based on data supplied by the Heartland MLS. Heartland MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Heartland MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.