Employment increased by 3,337 jobs the 1st quarter of the year. However, the number of job seekers also increased. The unemployment rate jumped from 4.3% to 4.4%.
Average home prices increased slightly from $266,700 to $266,800. It has been rumored that we are in a buyer's market, home on the market have increased the last quarter from 3,649 to 4,586 the previous quarter. With the market slowing down and homes taking longer to sell, 343 fewer homes sold this past quarter than the previous quarter.
The number of new homes built decreased from 753 last quarter to 397 the first quarter of this year.
Average days on the market has increased from 65 days on the market last quarter to 85 days on the market this quarter.
Seventeen subdivisons in Johnson county have seen a decrease in the percentage of homes sold. The zip code with the largest percentage loss was 66219.
The zip code with the highest % of asking price/ list price (sold for highest amount above list price) was zip code 66085.
The zip code with the greatest number of homes sold was zip code 66062 (East Olathe).
For more information or information on your zip code or subdivision, contact The Dowell Taggart Team. (913) 980-5809. www.DowellTaggart.com
The Southwest Johnson County Referral and Networking Group meets every Friday morning from 7:30-8:30 am at the Tumbleweed Grill. The cost to attend is bring 35 business cards. The cost to be a full member is bring a smile!
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