THE INDEXKC- MIAMI COUNTY KANSAS MARKET UPDATE
Weekly KANSAS CITY METRO Market Update
The INDEXKC is watching the difference between the number of homes sold and listed narrow right along with the difference between the average list and average sell values. Days on market continues to lengthen; Miami County’s 36 days is more then double the rest of the metro at 16 days on market.
Buyers will get more offers accepted with fewer competitors….Sellers time to get a little more conservative with your expectations. Sellers your home will sell for great value and good equity growth IF you start the listing with a more conservative number than you would have two or three months ago.
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!