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Home sales and prices are on the rise in Johnson County

Home sale prices in Johnson County climbed to an average of $268,000 in October, the second-highest level this year.

Monthly data from the County Economic Research Institute for October showed a 7.7 percent increase in sale prices for new and existing homes compared with the same month in 2012.

New homes sold for an average of about $450,000 while existing homes topped $241,000, according to the research organization.

The high point this year was reached in July when the average price for all homes sold climbed to about $275,000.

Other home sales data for October — the latest month available — continued to climb.

The total number of homes sold that month hit 818, up 16 percent from October 2012. And residential building permits for single-family homes climbed 27.5 percent in October to 153.

In other economic data, the county’s unemployment rate stood at 4.8 percent in October, the same as October 2012. Still, the rate was below the 5.1 percent jobless rate registered by Kansas for the month. Kansas City’s unemployment rate was 5.7 percent in October, according to the research report.

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