Kansas City/Johnson County Market Statistics
The summer real estate sales numbers are coming in! The heat is on weather wise and the real estate market has pockets of a sellers markets and other's a buyers market! The market is definitely making some changes! We have seem to be entering a buyer's market in some areas. Demand has receded some depending on price range and location! The supply of homes remains low, particularly at the lower end of the market! As you can see closed sales are down 2.8% year to date. Our days on market have increased slightly to 43 days. We have 2.3 months of homes available overall o!
So what is changing? It's simple: Mortgage rates have dropped some since April and we are at lowest levels in a year and a half. That spurs demand especially in the lower end of the market. This has improved affordability - helping the buyers! Mortgage rates could start to trend up in the coming months. The Mortgage Bankers Association predicted an increase up to 4.4% through the end of this year.
If there is a rental reform - it could impact both supply and prices. It's too early to say, but it's important to remember that the main goal of all proposals for housing reform is to make house more affordable.
Knowing how the market breaks down can make a major difference in your selling success. For example, if the market is booming, you can list your home for higher price and enjoy a maximized profit. If the market is cooling off, then you might miss out on potential buyers by pricing your home too high.
Get to know more about listing price trends, monthly units sold, average sale price, and more by diving into a few of these key statistics. Any questions? If you would like values on your specific neighborhoods, we would be more than happy to update you! Don't hesitate to contact us at the CindyDTeam!
2019 Home Prices were consistently up in most markets across the community! But not at the same levels in 2018. Interest rates had decreased for the spring market! Overall the prices have increased by 5.8% with sales down compared to 2018. Inventory is slowly increasing each month!
Recently - we've gathered the experts information on the Home Price Appreciation Forecast! Nice to see what the experts are projecting for the next few years!
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When you work with the CindyDTeam, you don't have to worry about knowing the ins and outs of the Kansas City real estate market on your own — we've got you covered. From analyzing market trends to completing neighborhood sold reports, we'll use our years of local experience and professional expertise to help you buy or sell your dream home at an ideal price. If you're ready to get started with your Kansas City real estate journey, don't hesitate to give us a call!
Kansas City Real Estate Market
The Kansas City Area is a great place to call home — so great, in fact, that the population here has been steadily growing over the past two decades and shows no sign of stopping. With the growing popularity in and around the city, the real estate market has been booming, and there's never been a better time than now to invest.
Are you looking to sell or buy in Kansas City? Since the area is constantly growing and changing, staying up-to-date on the latest market trends is a vital part of jumping into real estate. Luckily, you don't have to do all that work by yourself. Take a look at some of the major stats from the state of the market in Kansas City, and let the CindyDTeam help you navigate all of the latest trends.
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Are you ready to sell your Kansas City home for top dollar? Whether it's calculating a detailed and accurate listing price for your home or providing tips for staging to impress, we're here to help. When you list your home with the CindyDTeam, we're dedicated to providing you with a stress-free and successful selling journey. Explore some of the exclusive resources we have to offer, and list your home with us today!
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As experts in the Kansas City real estate market, you can rest easy when you list your home with the CindyDTeam. We'll help you prepare for every step of selling your home, and answer any and every question you may have along the way. Kick off your selling journey on the right foot — give the CindyDTeam a call today.