THE INDEXKC- PLATTE COUNTY MISSOURI MARKET UPDATE
Weekly KC Metro Market Update
The “tale of the tape” in Platte County Missourithe fall of the average sales price to a level below the average list values.
Sellers, your time to go to market is right now. Capture your equity while mortgage rates tip towards potential short term gains. Buyers, rates have dropped a full 1% (6.25 down to 5.25% over the past 30 days)…Use the rates in conjunction with a great negotiating position and put that dream home under contract!
Our friends at co.platte.mo.us give us the following….
Platte County is one of the fastest growing areas in the metropolitan Kansas City region. Platte County’s government is online to give you instant access to a wide range of information about the county and the latest news affecting residents and the community.
The changes in our community throughout the last decade have been dynamic. Along with the community’s explosive development, county government has experienced the need for growth. This Web site was created to provide a more organized and enhanced destination to make county government easier and more accessible to you.
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!