THE INDEXKC- KC TOP THREE CITIES OF WYANDOTTE COUNTY MARKET UPDATE
Weekly KC Metro Market Update
Hey do like our updated and imrpoved stat format? Easier to view neighboring cities and quickly spot trends, helping clients make informed decisions!
Pay attention to this “Tale of Three Cities” as the updated format shows a stark contrast regarding availablity between Kansas City, Kansas and Bonner Springs. A part of the dfference in listing/sold activity could be related to the average sales values….Bonner is almost double the sales value of Kansas City, Kansas. Yet even with the huge difference in sold values, Kansas City, Kansas has more than 10X the inventory available. Proves the point that consumers aren’t choosing the least expensive options, ene thoug mortgage interest rsates continue to rise.
No inventory in Edwardsville…Holy Smokes! Let’s help you find options.
With double the sales value comes the penalty in 66 days on market in Bonner, vs 10 days in KCK. An experienced Realtor can help you navigate these stats and in turn, deliver an informed option that would best meet your needs.
Check out the number of price reductions and the watch the days on market continue to extend as the market shifts….The shift is driven by several factors; rising mortgage interest rates, falling numbers of new build permits, buyer pool exhaustion/contraction….and the wild card, inflation.
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!