Is it a Good Time to Buy a Million Dollar Luxury Home in Johnson County, Kansas?

Is it a Good Time to Buy a Million Dollar Luxury Home in Johnson County, Kansas?

Whether you’re looking for a million dollar condo or single family mansion in Overland Park, Olathe, Leawood, Prairie Village, Lenexa or Shawnee, the real estate market in the million dollar plus range is a strong buyers market.


Lets look at the facts:

Over the past 10 months, Johnson County has on average 120.6 million dollar homes for sell.

Now lets break down the sales. Over the past 10 months there have been 43 million dollar homes that have sold, which averages to 4.3 million dollar homes sold per month. The most million dollar homes during the past 10 months sold between May and August.



With an average of 4.3 million dollar homes selling a month, there is over a 24 months supply of million dollar homes available for sale in Johnson County, Kansas.

Since most real estate analyst consider a 6 months supply the dividing line between a sellers market and a buyers market, the million dollar home range is in a strong buyers market.


Some other startling million dollar home numbers:
The average number of million dollar new homes sold a month: .6 homes



The average number of million dollar pre-owned homes sold a month: 3.7 homes



The average number of million dollar condominium homes sold a month: 1.1 condos ( take out 2 months and the average would be 0).



So is it a good time to buy a million dollar home in Johnson County, Kansas? Yes, it is a strong buyers market for million dollar homes.



Need help finding a Million Dollar home, contact the Dowell Taggart Team of RE/MAX Premier Realty.

RE/MAX sells more homes than any other real estate company.
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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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