THE INDEXKC- CLAY COUNTY MISSOURI MARKET UPDATE
Weekly KC Metro Market Update
Are you claiming confusing over the market shift? Let’s sort that out quickly!
Clay County Buyers are facing a slightly different micro market than the balance of the metro….Days on market are significantly lower than the average by 50%, and average list and sale prices are holding up well, in spite of higher interest rates. Behind the scenes, new home sales are a meaningful factor in these issues.
Pro tip: homes with reduced prices added to the number of homes coming back to market total more units than the number of homes listed….Inventories are rising slowly, expect more opportunity to aggressively negotiate.
Sellers in Clay County should bring their homes to market quickly, before new home builders have the opprtunity to put discounting and “Seller paid closing costs” supplemental programs into the mix on a large scale. If you want to avoid competing with home builders (who likely have a stronger desire and greater capability to discount than most of us do) let’s get your home to market before the holidays.
FUN KC METRO FACTS!
Clay County was settled primarily from migrants from the Upper Southern states of Kentucky, Tennessee, and Virginia. They brought enslaved persons and slaveholding traditions with them, and quickly started cultivating crops similar to those in Middle Tennessee and Kentucky: hemp and tobacco. Clay was one of several counties settled mostly by Southerners to the north and south of the Missouri River. Given their culture and traditions, this area became known as Little Dixie. In 1860, enslaved persons made up 25% or more of the county’s population.
Many members of the Latter Day Saint movement found refuge in Clay County in November 1833. In 1836, mobs and the Missouri State militia viciously drove the members of the church from the county. Leaders of this church, most notably Joseph Smith, were imprisoned for some months in Clay County in the jail at Liberty. In May 2012, the LDS Church opened a Kansas City Missouri Temple six miles southwest of the Liberty Jail site at 7001 Searcy Creek Parkway in Kansas City, Missouri. (wikipedia)
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers! Click the button below and let’s get you the information you need to be successful!