THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
Wow the difference a week makes! Last week we saw the number of homes listed increase right along with the number of homes sold…And again last week average list prices and average sales prices increased….
This week we watched all of those critical market markers fall, while interest rates dropped to 6.25%! Are you confused?
Heck yes, I’d understand the confusion! When mortgage rates fall, usually we see an upward spike in homes listed as sellers are encouraged to join in on the fun. In this case, housing activity is also impacted by end of year, (read holiday), behaviour….”Momma won’t move that Christmas tree!”
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!