THE INDEXKC- CLAY COUNTY MISSOURI MARKET UPDATE
Weekly KC Metro Market Update
Clay County Missouri is positively affordable! Check out the strength of the market….Pending home sales are almost double current sales, AND the average sales price is just “oh so close” to first time home buyer territory.
Across the metro, homes listed have increased slightly, homes back on market increased by a whopping 34%, and price reductions increased 10%….The net effect is a lot of homes on the market driving sales prices UP?!
Mortgage rates have stabilized near 6% for solid borrowers, and lower still for buyers with outstanding credit OR buyers who would prefer to buy down their rates.
What does this mean moving forward? Inventory will continue to rise making driving prices downward a bit, and while this occurs, we’ll see more buyers enter the picture…These buyers will get offers accepted on their dream homes.
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!