THE INDEXKC- CASS COUNTY MISSOURI MARKET UPDATE
Weekly KC Metro Market Update
Cass County continues to perform well compared to other counties in the metro. We are are seeing a narrowing of the difference between the Average List Value and the Average Sales Value as our market moves to a more balanced market for both buyers and sellers.
13 days on market are less than the metro’s 16 days on market, signaling strong performance.
Buyers check out the narrowing of List and Sold values….Cass County is a great place to purchase that dream home and put down roots in the Metro!
Sellers, with only 43 new listings over the past week, when you decide to bring your home to market the lack of inventory will bring you plenty of showings and terrific offer potential.
The Harrisonville area was originally inhabited by the “DHEGILHA” Indians subgroup. Being of Siouan linguistic stock, the Osage, Quapaw, Omaha, Ponca and Kansa tribes comprise this subgroup. Certain it is that the few who lived here during the early settlement of the county faced many hardships, but it is equally true that they faced them fearlessly and cheerfully. At no time were the early settlers in particular danger from the Indians, and the story of the early history is for the greater part a picture of peace amidst rough surroundings.
In the spring of 1837 the Town of Harrisonville was located by Enoch Rice, Francis Prine and Welcome Scott, who had been appointed Commissioners by the state legislature in the winter of 1836. These Commissioners in company with Matin Rice, the County Surveyor, met at the home of John Cook on April 3, 1837 and finally decided on Lackey’s pre-emption claim. In May they laid off the town in lots 3, 4, 5 and 6 of the northeast and northwest quarters of Section 4, township 44N., Range 31W. Within these 160 acres there were to be 4 streets – Wall and Pearl running east to west, Lexington and Independence going north and south – each less than 40-feet wide. Fleming Harris was appointed as town commissioner on April 8, 1837. The first town lots were sold on June 12 of that year; those facing the public square sold at $20 each, the others at $10.
“DEMOCRAT” was strongly urged as a name for the new town but was finally rejected. Instead, the town was named after Albert G. Harrison, a U.S. representative from Missouri.
Check out the number of price reductions and the watch the days on market continue to extend as the market shifts….The shift is driven by several factors; rising mortgage interest rates, falling numbers of new build permits, buyer pool exhaustion/contraction….and the wild card, inflation.
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!