SEPTEMBER HOUSING MARKET STATISTICS
The average new home price this month is 2% lower than one year ago, and the average existing home price is up 5% from one year ago. The average price for combined (new and existing) homes in the region is up 1% over September 2008.
Over the past month, new home sales increased 6%, existing home sales increased 1%, and combined total sales were up 1%. This represents a combined total sales decrease of 2% from one year ago.
New home inventory continues its steady decrease again this month and is 39% lower than last year. Resale inventory is 3% lower than a month ago and is 11% lower than it was last year. New and existing inventory combined is 3% lower than last month and is 17% lower than last year.
Supply for combined new and existing homes dropped to a 7.7 month's supply for September. The existing homes supply dropped to 7.4 months, and new homes supply dropped to 10.5 months. A slight buyer's edge is still present in the existing homes markets, and a considerable buyer's edge is present in the new homes market.
Generally speaking, a 5-6 month supply of homes on the market is a balanced market. When supply exceeds 6 months, the market begins to favor buyers and when the supply is less than 5 months, the market tends to favor sellers.
Source: Kansas City Regional Association of REALTORS and Heartland Multiple Listing Service
Copyright 2009. KCRAR is the "Voice for Real Estate in the Kansas City Area"
MARKET COMMENTARY FOR SEPTEMBER 2009
MARKET STATISTICS FOR SEPTEMBER 2009
Should you want market statistics for your neighborhood, contact Ron Mowery, Real Estate Professional at (913) 269-0479 or email him at Ron@JoCoHomesOnline.
AUGUST HOUSING MARKET STATISTICS
The average new home price this month is 2% higher than one year ago, and the average existing home price this month is almost the same as one year ago. The average price for combined (new and existing) homes in the region is down 4% over August 2008.
New home sales decreased 29% over the past month, which represents a 42% decrease from one year ago. Existing home sales also decreased for the first time in six months from one year ago, and they were down 14% from last month.
New home inventory continues its steady decrease again this month and is 36% lower than last year. Resale inventory is about the same compared to a month ago and is 10% lower than it was last year. New and existing inventory combined is slighly lower than last month and is 15% lower than last year.
Supply in the region showed no change over the past month. Supply for combined new and existing homes held steady at 8 month's supply for August. The existing homes supply remained at 11.2 months and existing homes supply remained at 7.6 months A slight buyer's edge is still present in the existing homes markets, and a considerable buyer's edge is present in the new homes market.
Generally speaking, a 5-6 month supply of homes on the market is a balanced market. When supply exceeds 6 months, the market begins to favor buyers and when the supply is less than 5 months, the market tends to favor sellers.
Source: Kansas City Regional Association of REALTORS and Heartland Multiple Listing Service
Copyright 2009. KCRAR is the "Voice for Real Estate in the Kansas City Area"
MARKET COMMENTARY FOR AUGUST 2009
MARKET STATISTICS FOR AUGUST 2009
Should you want market statistics for your neighborhood, contact Ron Mowery, Real Estate Professional at (913) 269-0479 or email him at Ron@JoCoHomesOnline.
JULY HOUSING MARKET STATISTICS
The average new home price this month is 2% higher than one year ago, and the average existing home price this month is almost the same as one year ago.
The average price for combined (new and existing) homes in the region is down 1% over July 2008.
Both new and existing home sales increased for the sixth month in a row.
New home sales increased 4% over the past month and are up 85% since January. This represents an 18% decrease from one year ago.
Existing home sales increased 4% over last month and are up 134% since January. This represents a 3% increase from one year ago.
New home inventory continues its steady decrease again this month and is 34% lower than last year. Resale inventory is 1% lower than a month ago and is 12% lower than it was last year. New and existing inventory combined is slighly lower than last month and is 17% lower than last year.
Supply in the region showed little change over the past month. Supply for combined new and existing homes showed an 8 month's supply for July compared to 8.1 in June. The existing homes supply dropped slightly to 7.6 months from 7.7 in June, and the new homes supply dropped from 11.5 in June to 11.2 this month. A buyer's edge is still present in both the new and existing home markets.
Generally speaking, a 5-6 month supply of homes on the market is a balanced market. When supply exceeds 6 months, the market begins to favor buyers and when the supply is less than 5 months, the market tends to favor sellers.
Source: Kansas City Regional Association of REALTORS and Heartland Multiple Listing Service
Copyright 2009. KCRAR is the "Voice for Real Estate in the Kansas City Area"
MARKET COMMENTARY FOR JULY 2009
MARKET STATISTICS FOR JULY 2009
Should you want market statistics for your neighborhood, contact Ron Mowery, Real Estate Professional at (913) 269-0479 or email him at Ron@JoCoHomesOnline.
JUNE HOUSING MARKET STATISTICS
The average new home price this month is 4% higher than one year ago, and the average existing home price this month was down 3% from one year ago.
The average price for combined (new and existing) homes in the region is down 4% over June 2008.
New home sales increased 10% over the past month and are up 76% since January. This represents a 26% decrease from one year ago.
Existing home sales increased 17% over last month and are up 124% since January. This represents a 2% increase from one year ago.
New home inventory continues its steady decrease again this month and is 34% lower than last year. Resale inventory is slightly lower than a month ago and is 13% lower than it was last year. New and existing inventory combined is slighly lower than last month and is 17% lower than last year.
Supply in the region showed little change over the past month. Supply for combined new and existing homes showed an 8.1 month's supply for June compared to 7.3 in May. The existing home supply rose slightly to 7.7 months from 6.8 in May, and the new homes supply dropped from 11.6 in May to 11.5 this month. A buyer's edge is still present in both the new and existing home markets.
Generally speaking, a 5-6 month supply of homes on the market is a balanced market. When supply exceeds 6 months, the market begins to favor buyers and when the supply is less than 5 months, the market tends to favor sellers.
Source: Kansas City Regional Association of REALTORS and Heartland Multiple Listing Service
Copyright 2009. KCRAR is the "Voice for Real Estate in the Kansas City Area"
MARKET COMMENTARY FOR JUNE 2009
MARKET STATISTICS FOR JUNE 2009
Should you want market statistics for your neighborhood, contact Ron Mowery, Real Estate Professional at (913) 269-0479 or email him at Ron@JoCoHomesOnline.
MAY HOUSING MARKET STATISTICS
Combined (new and existing) home sales in the region were up 17% over last month, which represents an 18% decline from May 2008. Combined home prices decreased 6% over this time last year.
New home sales rose 20% over last month, a 35% decrease from one year ago.
Existing home sales saw a 16% increase over last month, down 15% from May 2008.
New home inventory continues its steady decrease again this month and is 35% lower than a year ago. Resale inventory is 12% lower than last year. Supply in the region showed a little change over the last month. Supply for combined new and existing homes showed a 7.3 month's supply for May, compared to 8.0 in April. The existing home supply fell to 6.8 months from 7.5 in April, and the new homes supply dropped from 11.8 in April to 11.6 this month. A buyer's edge is still present in both the new and existing home markets.
Generally speaking, a 5-6 month supply of homes on the market is a balanced market. When supply exceeds 6 months, the market begins to favor buyers and when the supply is less than 5 months, the market tends to favor sellers.
Source: Kansas City Regional Association of REALTORS and Heartland Multiple Listing Service
Copyright 2009. KCRAR is the "Voice for Real Estate in the Kansas City Area"
MARKET COMMENTARY FOR MAY 2009
MARKET STATISTICS FOR MAY 2009
Should you want market statistics for your neighborhood, contact Ron Mowery, Real Estate Professional at (913) 269-0479 or email him at Ron@JoCoHomesOnline.
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Real Estate Professional servicing Overland Park, Leawood, Olathe, Lenexa, Shawnee and other Johnson County Kansas cities.
Prior to becoming a REALTOR® in 2001, Ron was a mortgage professional in Omaha and Kansas City for 16 years. During that time he assisted over 1,700 people with the financing of their homes.
"Ninety eight percent of homebuyers finance their home. I feel I have a huge competitive advantage in assisting buyers and sellers with not only putting the transaction together but keeping it together."
Born in Orange County, CA and raised in Auburn, NE he went to college at the University of Nebraska. After working in Omaha for 10 years, he was transferred to Kansas City as the National Sales Manager for a regional mortgage company. "I understand what it's like to move. I will do my best to see that every detail is taken care of so that your move can be hassle free".
When you work with Ron Mowery you can be certain that you're in good hands. Drawing from over 20 years in the real estate and mortgage business, he can offer you guidance and advice along the way to make sure you get the most out of your real estate investment dollar.
Whether you are buying or selling, Ron Mowery is here to look out for your best interests. You deserve to work with an agent who is fully involved and fully committed to your success.
"Life is more rewarding when you become fully committed to pursue your true passions. This is the approach I take to helping my clients reach their goals."
As a full-time real estate professional, I take my fiduciary responsibility to represent my clients very seriously. In order for me to represent buyers and sellers, it is imperative that I be "tuned in" to what is going on in the communities in which I work. Unfortunately about 5 years ago, I learned this the hard way. After representing a client on the purchase of a new construction home approximately 30 miles from my office, he called me to sell his home about 3 years after purchasing. I eagerly went up and did some research while preparing my Comprehensive Market Analysis (CMA). Shockingly, during a time of high value increases, his home was not going to be worth much more than what he paid for it. Luckily he was able to sell it and realize just a few thousand dollars profit. But from then on, I realized I didn't do him a favor by representing him and that in retrospect, he would have been better represented by someone in this location. From that day on, I vowed to represent buyers and sellers "only" in the area where I am knowledgeable. To continue to support my clients who move to different parts of the metro, I created partnerships with like minded individuals who felt the same way I do.
Now, I only represent home buyers and home sellers in Overland Park, Leawood, Lenexa, Olathe, Shawnee and surrounding cities in Johnson County, Kansas.
Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.
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