Although there is typically a drop in sales volume in real estate sales going from the summer to the fall, the drop hits early this year. The typical drop in sales happens in early September and the drop is usally a small drop in sales.
This year, sales volume of existing real estate sales in Johnson County, Kansas drops from $213,443,597 in July '07 to $169,204,155 in August '07. Last sales dropped a little; however, sales volume for existing real estate sales were nearly 200 million in August '06.
The number of homes has slowed from the summer rush, also. The past 3 months the number of existing homes sold never dropped below 850 homes. June topped in at 934 existing homes sold. The number of homes sold in August '07 dropped to 713 existing homes sold.
Information obtained by www.DowellTaggart.com on Wednesday, September 05, 2007 from Heartland MLS