THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
Welcome to an exciting weekly market update for the Kansas City Metro real estate market!
This week, homes listed in the Kansas City Metro area are up by 2%, which is great news for buyers who have been eagerly searching for their dream home. However, homes sold are down by 5%, which means that there may be more inventory on the market for buyers to choose from.
Furthermore, the average list price for homes in the Kansas City Metro area is down by 1%, and the average sales price has decreased by 2%. This is excellent news for buyers who are looking for a great deal on a new home.
Pending sales are also down by 2%, but don’t let that discourage you! This is a temporary trend that could change at any moment. It’s important to work with an experienced real estate agent who can help you navigate the current market conditions and find the perfect home for you.
Finally, the average number of days on the market has increased by 15%, which may seem like a long time, but it actually means that homes are selling at a more normal pace compared to previous years.
Overall, the Kansas City Metro real estate market is dynamic and always changing. With the right real estate agent by your side, you can navigate the market and find the home of your dreams. So, if you’re ready to buy or sell, now is a great time to get started!
PRO TIP-buyers in the Kansas City Metro real estate market NEED to be prepared and act quickly. With inventory up and homes selling a bit slower, there may be more time to explore your options and find the perfect home. However, this also means that other buyers may be vying for the same properties. To stay ahead of the competition, get pre-approved for a mortgage, work with an experienced real estate agent who can help you find the best listings and be ready to make an offer quickly when you find the right home. By being prepared and acting decisively, you can increase your chances of finding your dream home in the Kansas City Metro market.
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!
Are you an agent who’d like more tools to help launch your career? Reach back to me and let’s talk about how we can help you deliver content just like this to help generate and retain new clients!