THE INDEXKC- KANSAS CITY METRO MARKET UPDATE
Weekly KC Metro Market Update
Average sales value dipped slightly, losing 1% of their value last week, while days on market increased 17%, taking the market to almost 50 days on market. Average sales value exceeds average list value by 4%.
The net effect is a lot of homes on the market for longer than usual is driving sales prices UP?!
Yes UP! And crazier still is the increase in mutiple offers driven by strong buyer demand in the face of higher mortgage rates.
The not so simple driver is the increase in inventory options are encouraging buyers, as mortgage rates stabilized a bit in the face of an increased Fed rate.
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!
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