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August 26, 2014

Johnson County housing market reports first-half growth

The average price for new and existing homes sold in the first six months of 2014 climbed to $264,296, the organization said in its latest monthly snapshot of the county’s economy. That’s up from $261,695 through the first half of 2013.

Johnson County’s housing market held up well in the first half of this year, led by an increase in average sales prices for new and existing homes, the County Economic Research Institute said in a report.

The average price for new and existing homes sold in the first six months of 2014 climed to $264,296, the organization said in its latest monthly snapshot of the county’s economy. That’s up from $261,695 through the first half of 2013.

In June, sales prices of new and existing homes climbed 6.8 percent from the previous June, the research institute said. The average new home sold for $440,400 in June, while the average sales price for existing homes was $261,800.

Another measure of the county’s housing market, total sales of new and existing homes, was essentially flat through the first half of this year compared with 2013. There were 4,821 homes sold in the first six months, down 1.4 percent from 4,887 homes sold in 2013.

June was a good month, however, with total sales climbing 6.1 percent to 1,229 from June 2013.

Building permits for single-family homes also rose 1.1 percent to 802 during the first half of 2014. For June alone, permits increased 7.8 percent from June 2013.

To reach Steve Rosen, call 816-234-4879 or send email to srosen@kcstar.com.

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