THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update: Unveiling the Sizzling Trends in Kansas City Real Estate
I’m excited to share with you the latest, steamy insights into the Kansas City Metro housing market. Embrace these intriguing stats as we explore the sultry shifts in the real estate landscape.
Last week, the average sales value seductively dipped by 2%, while days on the market fell by a tantalizing 26%. On average, it now takes 37 sizzling days to sell a home in the Kansas City Metro. The average sales value provocatively surpasses the average list value by 4%.
Homes returning to the market (post inspection and cancellation) rose by a tempting 15% week over week, indicating sellers are becoming more flexible and open to exploring new connections.
The net effect? Sellers are lowering their values to meet market expectations, causing sales prices to rise in a provocative dance of supply and demand.
Yes, that’s right, sales prices are going UP! Adding to the excitement, multiple offers are increasing, driven by passionate buyer demand, even in the face of higher mortgage rates.
The not-so-simple driver? Increased inventory options are enticing buyers as mortgage rates stabilize amidst a raised Fed rate.
Do you have questions about how these steamy shifts might impact your home search or property value? We’ve got the tantalizing answers you crave! Click the button below, and let’s get you the information you need to succeed in this sultry market.
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