Another dismal month for home sales in Jackson and Johnson County..statistics and commentary follow.  All stats are compared to same month one year ago.

Jackson County

Pending Countracts:  down 16.8%

Average Sales Price:  down 22%

New Listings:  down 23.8%

Inventory:  down 16%

Johnson County

Pending Contracts:  down 33.8%

Average Sale Price:  down 4.5%

New Listings:  down 15.3%

Inventory:  down 5%

Keep in mind there are many more foreclosures in Jackson County, in areas with lower home values to begin with.  In the suburbs, having so many homes sit on the market further pushes prices down, and buyers 'lowballing' on offers. 

Both counties have fewer  listings than one year ago, reflecting sellers' hesitation to list if not necessary to move.  Also, at this time of year sellers tend to wait until after the holidays to list, prefering to show off their homes during warmer spring weather when the market is naturally stronger.  

Sales prices for Johnson County are not as affected, with an average sales price of just under 5% less than last year.  Overall for the YTD, Johnson County sales prices are just 2% less than a year ago.  

If you would like specific statistics for your area or subdivision, , email me.  Thanks for reading my blog, comments are welcome!