The Market Conditions:
As you can see, closed sales are only down 2.4% year to date. Our days on the market have increased slightly to 41 days in the month of August. Year-to-date, the average days on the market during 2020 has been 46 days. We have 1.3 months of homes available overall! We have some of the lowest levels of home inventory!
You can afford more home today than ever!! Interest Rates have dropped and are at the lowest levels in a year and a half. They are in the upper 2% range depending on many factors such as down payment, credit scores, financing programs, and more!
Know The Market Tip:
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
2020 home prices were consistently up in most markets across the community. Interest rates have decreased for the summer market and, overall, the average home prices have increased by 6.6% YTD! Homes are selling at peak values & for more than you thought possible. Take advantage of knowing the market conditions!
Home Price Appreciation Forecast
Recently, we gathered the experts' information on the Home Price Appreciation Forecast. Nice to see what the experts are projecting for the next few years!
Experts Weigh-In On Market Strength
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 housing market over the past few weeks.
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!