Forget vaccines, the real competition this spring is Johnson County real estate.

What’s happening: A combination of factors — from low interest rates to the effects of the COVID-19 pandemic — have aligned to drive down inventory and ratchet up prices to historic levels.

In the first quarter of 2021, homes on the market in Johnson County, on average, sold for $412,000.

The median sales price in the first quarter was $350,000, up nearly 13% over the same time last year and a 75% increase over the past decade.

The phenomenon is not unique to Johnson County, of course. KCTV reporter Nathan Vickers encapsulated the general mood by retweeting this much-watched TikTok:

Unprecedented: Veteran realtors in the Kansas City area say they can’t remember a market this…

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