Overland Park KS Homes for sale & Johnson County Real Estate Blog

The Log Jam in Johnson County Kansas Real Estate

There has been a storm brewing in the Johnson County Kansas Real Estate market for some time and it Johnson County Sold Houseshas the potential to explode this spring. There is a number I want you to think about and it is 1.5, that is the number of months supply of homes currently available in Johnson County. 

What that really means is that if no new homes are listed, every listed home in Johnson County would be SOLD in 1.5 months with no other homes to purchase. Is this a good thing? The answer is no and while if you are a seller you can expect top dollar with a quick sale, what do you do when your home sells?

View All Homes for sale in Johnson County

The severe lack of inventory in the Johnson County Real Estate market is creating an enormous log jam. This log jam is causing major headaches for both buyers and sellers.

Buyers feel like a Doctor on call waiting for the perfect home to list and praying they can get to it before  another buyer snatches it from them. Our office had a listing recently that received 59 showing in their first 8 hours on the market. They received 8 offers. So what does that mean? There are 58 people looking for that type of house and not enough homes to purchase. Many buyers are having to make offers on 5 or more houses before a succesful bid.

How much is my Johnson County House Worth?

While the buyers are desperate for new home listings, the sellers are terrified to list their home because they know it will sell before they can find their move up home. This is where the log jam starts.  Most sellers require the equity from their home to move up and can't buy a new home without it. They want to find their replacement home without listing their home first. The problem with this strategy is that in a hyper competitive market is most sellers will not consider a contingent offer. 

So how do we break the log jam? The answer is skill and trust, sellers need to work with a skilled agent who knows how to not only sell homes but find them as well. While many of the search engines like Zillow, Realtor.com and trulia list new homes quicker than ever before, they will never get new listings faster than your agent can. Also your agent has access to homes that are coming to market or homes that may have tried to sell previously.

The Spring Market has sprung, will you be part of it? The Russell Home Team knows how to manage the delicate balance of selling your home for top dollar and finding your dream replacement home. 

913-266-5828 call today!

 

 Michael Russell is a REALTOR with The Russell Home Team at Keller Williams Realty. Michael specializes in Johnson County Kansas Homes and Real Estate for sale. Michael is a tech savvy realtor with over 13 years experience. Did you enjoy Michael's Blog? Feel free to subscribe or join Michael on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...

Michael Russell and The Russell Home Team can be reached at 913-266-5828 or info@RussellHomeTeam.com or www.SearchjocoHomes.com

                        facebook   Twitter Overland Park Realtor  Linked In Russell Home Team  You Tube Russell Home Team  

 

  

 

 

Comment balloon 0 commentsMichael Russell • February 26 2016 10:12AM
The Log Jam in Johnson County Kansas Real Estate
share
There has been a storm brewing in the Johnson County Kansas Real Estate market for some time and it has the potential to explode this spring. There is a number I want you to think about and it is 1. 5, that is the number of months supply of homes… more
14545 Windsor Drive Leawood, KS 66224 Home For Sale
share
Just Listed 14545 Windsor Drive Leawood, KS 66224 Steeplechase Subdivision $395, 000 For More Photos and Virtual Tour Visit www. 14545Windsor. Info Rare 1. 5 story in Steeplechase Blue Valley Schools Updated Enormous Kitchen Walk to Prairie Star… more
Hampton Place Overland Park 2015 Home Sales Report
share
Have you seen to ads on facebook? You know, how much is my house worth? They are ads run by internet marketers trying to sell your information to local Realtors who may or may not know anything about your neighborhood. This report is brought to you… more
Olathe Kansas Short Sale, great deal near Olathe Northwest
share
Just Listed Great Deal near Olathe Northwest High School 12155 S. Prairie Creek Parkway Olathe, KS 66061 $245, 000 Click Here for more info and Pictures Looking for a good deal in the Olathe Northwest School District? You have found it! Tons of… more
4 Affordable Neighborhood in the Blue Valley School District
share
Are you looking for an affordable home inside the Blue Valley School District? Well priced homes inside South Johnson Counties most prized school district are getting tougher to find. Ever since the real estate market turned around homes under.. more
Best Maintenance Provided Neighborhoods in Leawood 66224
share
Is is time? Time to let somebody else do all of the lawn mowing, snow removal and maintenance that come with owning a traditional single family home? Maybe it is time to consider a maintenance provided condo, townhome or villa home? There are a lot… more
Johnson County 66224 Most affordable neighborhoods
share
Have you heard the news? Real estate is back, home prices are either at or above the 2006 peak in many South Johnson County neighborhoods. The lastest figures show that homes in the 66224 zip code average $534, 000 and that is posing a problem for… more
12308 W. 160th Street Overland Park, KS 66062
share
Just Listed Summerwood Former Shelby Model 12308 W. 160th Street Overland Park, KS 66062 To see more photos & Virtual tour visit www. 12308w160th. info Amazing former model home in Summerwood, the Shelby III by Rodrock is one of their most… more
Hampton Place Home Sales Market Report Jan-June 2015
share
Have you heard the news? Real Estate is "Real" again. In case you haven't been paying attention, homes sales in Johnson County are on fire and Hampton Place is a big reason. Hampton Place is highly sought after for it's affordable homes,… more
Johnson County Kansas Housing Assistance Program
share
****** For Imeddiate Release ***** Johnson County Housing Services has received new funds from (HUD) The Department of Housing and Urban Development. Eligible home buyers can receive up to $10, 000 in down payment and closing cost assistance. We are… more