Roeland Park Kansas, suburban Kansas City in Johnson County, Real Estate Market Update August 26th, 2009
Number of Homes for Sale in Roeland Park
As of August 26th, 2009 there are 51 Roeland Park homes listed for sale in suburban Kansas City, Johnson County. The current asking prices range from $65,550 to $229,000. About a 1% drop in asking price from my report 3 weeks ago.
How fast are homes in Roeland Park selling?
Since April 1st, 2009 82 Roeland Park homes have sold and closed.
How much are Roeland Park homes selling for?
Since April 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 overr 14 homes per month. With 82 homes on the market, this gives about a 5.5 months inventory of homes available. This is a neutral market with an advantage to neither buyer or seller.
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.
Ken Jansen Broker Associate, CRS, ABR, CLHMS, ePRO, CSP
Keller Williams Realty Partners, Inc. Overland Park KS 66210
Phone 913-908-2215 Fax 913-744-2714
cross posted on my Roeland Park page