THE INDEXKC- RAYMORE BELTON PECULIAR MARKET UPDATE
Weekly KC Metro Market Update
For most of the MC METRO, list and sales value have been growing further apart as rates rose and sales values fell. Rates then dropped from 7.3% down to 6.75%, and you can see in the chart below list and sales value are closing in on each other.
Per Scott Willis, experienced local Realtor, “This won’t be a slow Winter sales season. BUYERS should offer now while competition is lower than normal, and SELLERS need to bring their homes to makret while inventories are low.” He goes on to explain, “Rates dropped last week 1/2 point, and are hovering at 6.75% for well prepared buyers.”
Of course BUYERS could wait for more competiton, and SELLERS could wait for rates to drop ( and in turn lose the opportunity to find their dream hom as more BUYERS come to markete)….That makes less sense than simply reading market trends
Want the best of both worlds? Both BUYERS and SELLERS write your offer as rates fall, ahead of the competition. SELLERS, let’s market your home now, while we still face record low inventories.
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!