housing market indicators including sales, appreciation, available inventory: "Sales of existing homes fell 4.09% compared to last month, dropping to an annual sales pace of 6.33 million homes. Compared to last year, though? Sales are down 11.22%.
Partly because homes are selling more slowly, inventory is stacking up. At the end of June there were 3.856 million homes on the market. Compared to last year, that is a whopping increase in supply of almost 40% when only 2.756 million homes were on the market.
The second hardest hit area with a 5.92% decline in sales is the midwest.
Have you noticed more homes on the market and homes staying on the market? Do you think there has been a decline in the Kansas real estate market?
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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