THE INDEXKC- LEE’S SUMMIT MARKET UPDATE
Weekly KC Metro Market Update
Lee’s Summit offers three exclusive lake communities, as well as an oustanding school district. Not hard to guess why the community continues to generate some of the highest average sold values in the metro, and the few homes that are listed tend to sell quickly.
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!