The Market Conditions:
As you can see, closed sales are down 9% year to date. Our days on the market have decreased slightly to 16 days in the month of May. Year-to-date, the average days on the market during 2022 has been 22 days. We have less than a month supply of homes available overall! We have some of the lowest levels of home inventory! Talk with us about target marketing!
You !! Interest Rates have jumped over the last 60 days and are still at very affordable rates. We all want the lowest rate, but today with inflation the Fed's have been increasing interest rates. So the best time is to lock in today! They are in the upper 5's-low 6's range depending on many factors such as down payment, credit scores, financing programs, and more!
Know The Market Tip:
We're still in a seller's market: You can sell your home for a higher price and enjoy a maximized profits!
In a buyers market: When the market is cooling off, then you might miss out on potential buyers by pricing your home too high.
State of the Market
Homes Sales Report for Johnson County KS
2022 home prices were consistently up in most markets across the community. Interest rates have increased for the spring market and, overall, the average home prices have increased by 13% YTD! Homes are selling at peak values & for more than you thought possible. Take advantage of knowing the market conditions! We're still seeing multiple offers - just not 20+ offers. We're seeing 3-8 offers in general.
How An Investment in Real Estate can Benefit You...
Since inflation is at it's highest level in 40 yrs, it's more important than ever to the financial benefits pf homeownership!
Why Mortgage Loans Aren't What They Were in the Past...
Even with all of the uncertainty in the market right now, the residential real estate market continues to be strong and getting even stronger. Here’s a look at what the experts have said about the mortgage loans.
Work with a Local Expert
When you work with the CindyD Team, you won'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. We'll use our years of local experience and professional expertise to analyze market trends, complete neighborhood sold reports, and ultimately help you buy or sell your home at an ideal price. If you're ready to take your next steps, don't hesitate to give us a call!
Make Your Kansas City Move Today
It pays to team up with a top-rated agent when you're buying or selling a home in Kansas City, and we'd love to help you navigate every step of the process. Whether you need us to calculate a detailed and accurate listing price for your home, schedule some showings, or just answer a few questions, you can trust the CindyD Team to get the job done right. Feel free to give us a call to get started, or fill out the form below for more information. We're dedicated to helping you craft a stress-free real estate experience from start to finish!