Spring 2012 Market Update
When considering this market conditions report the criteria that was used for included ONLY Single Family Listings/Sales.

Average Home Price $575,000 - View Graph Trend
Average Price Compared to Last Year Up 15-20%
Average Time on Market More than 120 days
Best Selling Price Range$400,000 - $449,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Leawood isNo Change
Seller Activity for the past 90 days in Leawood is?Decreasing
Multiple Offers?No
Multiple Offers CommentaryHomes that hit the market that are priced RIGHT AT MARKET VALUE OR UP TO 5% BELOW, in excellent condition are getting multiple offers. Homes that are short sales / foreclosures and are priced well below market value are getting multiple offers.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?0-5%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell
Nearest Metro AreaKansas City
Housing Hot SpotsMost cities within the Johnson County area are considered ’Housing Hotspots’
Average Sold Price $575,000 - View Graph Trend

Leawood Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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Keller Williams Realty Partners, Inc
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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