THE INDEXKC- WYANDOTTE COUNTY KANSAS MARKET UPDATE
Weekly KC Metro Market Update
Wyandotte County home sales values exceeded list values for the first time in weeks, good news for sellers!….The net effect is a lot of homes on the market driving days on market and sales prices UP?!
How does this make sense? Mortgage rates stabilized a bit in the face of an increased Fed rate….Sellers get your homes out on the market prior to an expected short term dip in value.
What does this mean moving forward? Inventory will continue to rise driving prices downward a bit, and while this occurs, we’ll see more buyers enter the picture…These buyers will get offers accepted on their dream homes, and as they do, word will spread and competition will increase.
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!