THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
Max and Libby had put their home search on hold during the middle of last summer. Libby explained, “Mortgage rates had risen, inventories were down, and the competition was brutal. We’d written so many offers, been excited too many times…We retreated into our rental and waited for a change in the market.”
Their Realtor, Tess, had explained not to worry….”Homes listed declined a bit this past week, while average sell prices became a bit more reasonable as well. Days on market stablized at 41 day.. And hey, rates dropped last week 1/2 point, and are hovering at 6% for well prepared buyers!”
Todd says, “We are moving full-speed ahead, in spite of our initial worry. Conditions have inmproved, let’s get out and look at some homes!”
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!