2008--not a good year for Kansas City area home sales!  Below are statistics for Jackson and Johnson County:  December '08 and final year end figures. 

It is interesting to note that overall, Johnson County had far less pending contracts than the year previous but the average sale price was only off about 3%.  Jackson County finished the year with less pending contracts as well AND much lower average sales price.

2009 should be a somewhat better year, because of less inventory, lower interest rates and the upcoming spring market--when most sales occur, no matter how poor the market.  At the end of '09, I'll check to see if I was correct!

Jackson County

December '08:  pending contracts down 5.98% from 12/07, average sales price down 9.49%.  Inventory down 17.64%.

Johnson County

December '08:  pending contracts down 20.90% from 12/07, average sales price down 15.35%.  Inventory down 5.14%.

Year end 2008 figures:

Jackson County

Pending contracts down 9.69% from 12/07, average sales price down 11.57%.

Johnson County

Pending contracts down 18.63% from 12/07, average sales price down 2.96%.

If you would like an analysis of 2008 home sales in your particular subdivision, email me with your address and zip code.  Thank you for reading my blog, comments welcome!