The City of Mission is located in northeastern Johnson County, Kansas - a suburban area of the Kansas City metropolitan area. This area of eastern Kansas ranks as one of the top growth areas in the State, and the country. The City lies adjacent to a major transportation corridor, Interstate 35, and is quite accessible to the entire metropolitan area. Mission boasts a population of slightly under 10,000, and covers an area of 2.75 miles - about 95% of which is developed.
In the last 90 days, as of February 14th, 2020, Mission had 31 homes sold and closed. There are a whopping three (*3!*) homes available for sale. The recent average of slightly more than 10 homes selling per month compared to current supply of only three homes for sale yields a ratio to take note of. This ratio of homes sold over time is called the absorption rate. If the absorption rate continues at the same pace as the last 90 days then it would take roughly a week to sell all of the homes for sale, assuming that all homes would sell, and that no additional homes came on the market. Please, if you are thinking of selling your home in Mission KS - call your favorite RE/MAX agent today. With such a strong seller's market you can get better prices and terms.In general, terms a market is considered balanced when the supply of homes equals 5.5 to 6.5 months of inventory compared to demand or absorption rate. The lower the month's supply of home is, the seller tends to see an advantage in price or terms. The higher the months supply of homes the more advantage there is to the buyer in terms of price or terms.