THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
Homes listed increases lightly, homes back on market increased by a whopping 34%, and price reductions increased 10%….The net effect is a lot of homes on the market driving sales prices UP?!
Mortgage rates stabilized a bit in the face of an increased Fed rate….Sellers get your homes out on the market prior to an expected short term dip in value.
What does this mean moving forward? Inventory will continue to rise driving prices downward a bit, and while this occurs, we’ll see more buyers enter the picture…These buyers will get offers accepted on their dream 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!