THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
Market crash, nope!
Homes sold rose 44% over last week! Pending sales are up 38%!
Average sales value dipped slightly, losing 1% of their value last week, while days on market dropped 2%, taking the market to 50 days on market.
And crazier still is the increase in mutiple offers driven by strong buyer demand in the face of higher mortgage rates.
Average sales and list values dropped slightly, again, this goes hand in hand with higher mortgage rates.
Consumers got the message….Buy now and refinance later!
Pro Tip….Look just a bit outside the metro for the better per square foot values….That short drive to work will pay off bigtime with lower payments and excellent equity growth.
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!
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