How the recent changes in the Kansas City housing market affect your plans.
While the housing market continues to shift with rising mortgage rates and increasing inventory, is it still a good time to buy and sell? With the state of the housing market quickly changing, I see how confusing it can be if you are trying to decide if now is the right time to act. To help with this, I’m breaking down what’s happening in the real estate market here in Kansas City. This way, you can make the best decision when it comes to one of your largest assets, which is your home.
In the North Kansas City school district, there are currently 254 active listings, 233 homes pending, and 176 homes sold in the last 30 days. Homes that sold were priced at an average of $288,492 and were on the market for an average of ten days.
“Homes are staying on the market a little longer in this changing market.”
In the Park Hill school district, there are 137 active homes on the market, with 173 pending and 88 homes that sold in the past 30 days. The average sales price was $477,615 after spending 25 days on the market.
It is no surprise to us that homes are staying on the market a little longer in this changing market. With the constant shifts, you need an experienced agent to guide you through your next move. Connect with me and my team today to get more information so we can strategize and help you decide the best thing to do with your home. Call or email us anytime!
