THE INDEXKC- OVERLAND PARK OLATHE SHAWNEE KANSAS MARKET UPDATE
Weekly KC Metro Market Update
The heart of Johnson County, Kansas delivers strong value appreciation and equity. All three of the major micro markets in Johnson County average sold values continue to exceed average list values. (Execptions are homes that need significant repair/upgrade issues addressed.)
Buyers, while prices remain strong, so do appreciation values. Sellers, move to get your homes on market while rates have dropped a full 1% over the past 4 weeks; expect a temporary slow down over the next week while parents head back to school for the first full week.
Fun fact regarding Shawnee, Kansas….48.5% of the population is male, and 51.5% of the population is female, per the most recent census. (city.info.com).
Check out the number of price reductions and the watch the days on market continue to extend as the market shifts….The shift is driven by several factors; rising mortgage interest rates, falling numbers of new build permits, buyer pool exhaustion/contraction….and the wild card, inflation.
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!