Growth in Johnson County housing market slows
10/29/2013 11:00 AM
10/29/2013 3:37 PM
The Johnson County housing market remained strong in August, although sales and building activity slowed somewhat from earlier in the summer.
The latest data from the County Economic Research Institute showed dips in August in the average prices of homes sold, total home sales, and residential building permits.
• The average price of homes sold in the county was $261,500 in August, up 2.5 percent from the same month last year. That price is an average for new and previously owned homes. But August’s number was down from about $275,000 in July.
• Home sales climbed 11.7 percent in August to 1,034 from year-earlier levels. However, in July more than 1,100 single-family homes were sold in the county.
• Residential building permits climed 32 percent in August to 152 compared with August 2012. The latest month, however, was down from nearly 200 permits issued in July.
In other measures of the county’s economy, the unemployment rate in August was 5.2 percent, up from 5.1 percent a year earlier. The number of residents employed was 288,400 in August.
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