THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
As of this week, the list value of properties in Kansas City is $342,599, which is down by 0.3% compared to last week. Additionally, the average sold price has also decreased by 4% to $345,670, indicating that the market is currently favoring buyers over sellers.
Furthermore, the average number of days on the market has increased by 3% to 38 days, indicating that homes are taking a bit longer to sell than they were previously.
While these numbers may seem discouraging to sellers, it’s important to keep in mind that real estate is a cyclical market and there are many factors that can influence pricing and sales. If you’re looking to buy, this could be a good time to take advantage of the lower prices and longer days on market. And if you’re selling, it’s important to work with an experienced real estate agent who can help you price your home competitively and market it effectively.
PRO TIP: If you’re a home seller in Kansas City, my pro tip for you is to focus on curb appeal. The exterior of your home is the first thing potential buyers will see, and it can make a huge impact on their overall impression of your property. Make sure your lawn is well-maintained, the landscaping is neat and tidy, and the front of your house is clean and free of any clutter or debris. A fresh coat of paint on your front door or shutters can also go a long way in making your home stand out!
As always, I’m here to help with any questions or concerns you may have about the Kansas City real estate market. Please don’t hesitate to reach out if there’s anything I can assist you with.
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