THE INDEXKC- KC METRO MARKET UPDATE
Weekly KC Metro Market Update
Are you claiming confusing over the market shift? Let’s sort that out quickly!
Buyers watched fewer homes come to market this week, while average list values and average sales values deflated a little bit. The rise in price reductions defintely sets the stage for an outstanding opportunity for Buyers who want to purchase competitively and refinance later.
Keep in mind, prices will continue to drop, just slowly. We didn’t see the HUGE upswing in value that the Sunbelt states delivered, so we won’t see the HUGE drop in prices either.
Sellers inventories are still low (in spite of the rise in inventories over the past 4 weeks) and that will keep prices from dropping the degree that other markets have experienced.
FUN KANSAS CITY FACTS!
Each March, KC hosts more college basketball games than anywhere in the country.
In the late 1940s, 86 factories were manufacturing garments in KC. It was said that one in seven American women wore clothing made here.
Modeled after Seville, Spain, the Country Club Plaza opened in 1922 as the nation’s first outdoor shopping district.
Local advertising agency Bernstein-Rein conceived the Happy Meal for McDonald’s after the owner noticed his son staring at the cereal box during breakfast.
Other KC inventions include the fire pole, the Bomb Pop, the bumper sticker, Rival crockpot and Wishbone salad dressing.
The National WWI Museum and Memorial houses the most comprehensive collection of WWI artifacts in the world.
KC is known as the Haunted House Capital of the World, thanks to its pioneering of the “open format,” where brave visitors are asked to roam without following a predestined path.
At least four different U.S. presidents have dined at the original Arthur Bryant’s Barbeque. Harry S. Truman was considered a regular because frequented so often.
M&M’s candy coating process was perfected by MRIGlobal, an independent, not-for-profit research organization based in Kansas City. Other KC inventions include the fire pole, the Bomb Pop, the bumper sticker, Rival crockpot and Wishbone salad dressing. (visitkc.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! Click the button below and let’s get you the information you need to be successful!