THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
Let’s jump right into the conversation! As homes sold decreased last week, homes listed also trended downward….At the same time, mortgage rates dropped from 6.5% down to 6% for the average borrower.
Days on market jumped 30% from 32 days up to 41 days, so we are watching inventory increase in real time.
While interest rates fall.
Why? Simply put, the impact of inflation on discretionary income is enormous. And with higher prices on consumables, homebuyers find themselves with budgets stretched thin.
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!