THE INDEXKC- KC METRO MARKET UPDATE
Weekly KC Metro Market Update
An interesting turn this week! While both average list and sales values fell across the metro, the days on market saw an improvement as those homes that did go under contract went under contract more quickly than anytime during the past 5 weeks.
Buyers seemed to grow timid as mortgage rates settled slightly higher. At the same time, sellers bringing homes under $400,000 to market are still seeing multiple offers.
Founded as a river trading post in 1838, Missouri’s largest city hit its stride during the Roaring 20s. The decade helped distinguish it as a hub for innovation, creativity, and freethinking. A hotbed for rising jazz stars, impressive sports victories, and chic fashion designers like Nell Donnelly, it was a place where many bucked the trends of Prohibition. The booze flowed freely at notorious basement speakeasies like the Pompeii Café, where revelers danced the risqué Charleston and Cootie Crawl. Good times rolled, balanced by social activists, serious filmmakers, and advances in transportation and agriculture.
Today, it retains that exuberance but with a modern edge. Among more boulevards than any other city outside of Paris (earning it the nickname “the Paris of the Plains”) and a landmark park system, you can sample the region’s celebrated barbecue and enjoy live music—both thriving scenes informed by the city’s rich cultural legacy. This heady mix of past and present, whether fueling up with new-school pour-overs at Messenger Coffee Co. or sipping old-school bourbon at the oldest distillery west of the Mississippi River, offers travelers the kind of perspective-shifting experiences that truly “make” a trip. (www.afar.com)
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!