Shawnee, Kansas is located in northwest Johnson County and was ranked 17th in Money Magazine’s “Best Places to Live” list in 2010. The 62,209 residents are served by the Shawnee Mission School District and the De Soto School District. Shawnee is home to the Old Shawnee Town Museum, Wonderscope Children’s Museum and the Johnson County Museum as well as Shawnee Mission Park with it’s 120-acre lake.
Shawnee has sold/closed 215 homes in the last three months as of January 15, 2019. This ratio of homes sold over time is called the absorption rate. The most current average absorption rate is 72 homes per month. As of writing there are 157 homes for sale in Shawnee. If the absorption rate continues at the same pace as the last three months, it would take just over two months to sell all of the homes for sale assuming that all homes would sell, and that no additional homes came on the market.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.Higher demand in Shawnee, versus some other Johnson County cities gives home sellers an advantage while negotiating terms. If you are thinking of selling your home in Shawnee, it doesn't get much better than this.