Overland Park & Leawood

February 25, 2014

Home sales ended 2013 on a high note

Last year was the best for home sales in the county in at least five years, according to the County Economic Research Institute.

Home sellers in Johnson County had numbers on their side in 2013.

The number of new and existing homes sold in the county climbed 15.2 percent last year compared with 2012, according to the latest monthly survey of economic conditions by the County Economic Research Institute. The report, the final one for the year, noted that 10,223 homes were sold all last year, up from 8,876 in 2012.

Last year was the best for home sales in the county in at least five years, the report noted.

In the month over month comparison, the report said 737 new and existing homes were sold in December, up 6.2 percent from December 2012.

Sale prices also climbed last year. The average price on new and previously owned homes climbed to nearly $262,000 last year, up from about $248,000 in 2012.

For December, sales prices averaged $269,798, up 5.4 percent from December 2012.

The total number of building permits for single-family homes climbed 31.6 percent in 2013 to 1,677. There were 119 single-family permits issued in December, down 4 from the final month of 2012.

Construction activity for multi-family units also climbed in 2013 countywide. According to the report, 1,501 multi-family permits were issued last year, up from 522 in 2012.

In other statistical highlights:

• The county ended last year with an unemployment rate of 3.8 percent for December, compared with 4.5 percent in December 2012. In Kansas, the unemployment rate statewide was 4.5 percent in December.

• Total taxable retail sales rose 4.1 percent through November 2013 to $11 billion.

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