03/26/25
What's Happening in Kansas City Real Estate This Week

The Kansas City real estate market is showing some typical seasonal fluctuations, likely influenced by spring break activities in the area. While some numbers are down this week, it’s important to remember that these shifts are often temporary and part of the natural ebb and flow of the market. Here’s a breakdown of this week’s numbers and what they mean for both buyers and sellers.

New Listings:

This week, the number of new homes listed has decreased by 15%, totaling 628 homes. With spring break taking place in the area, it’s not uncommon for sellers to pause their listings or delay new ones until after the holiday period. Expect this number to rise again as we move into April, when the spring market typically picks up momentum.

Homes Sold:

The number of homes sold has decreased by 6%, now sitting at 599 homes. This slight dip in sales is likely a result of fewer active buyers during spring break, as many people take time off for vacations or other activities. However, sales are still happening, showing that the market is continuing to move, even if at a slower pace.

Average List Value:

The average list price has decreased by 8%, now at $383,467. This adjustment in pricing could reflect sellers' strategies to stay competitive while fewer buyers are actively engaging with listings during this time. Buyers may find that this slight price drop offers more opportunities to negotiate or explore new options.

Average Sold Price:

The average sold price has decreased by 4%, now at $346,663. This dip is in line with the average list price drop and indicates that homes selling during this period are doing so at slightly lower price points. While this is a minor decrease, it does reflect a more cautious approach from buyers, likely influenced by the spring break slowdown.

Price Reductions:

Price reductions have decreased by 4%, with 476 homes seeing price cuts this week. This slight decline could indicate that fewer sellers are feeling the need to adjust their prices due to the slower market activity. However, homes with reductions still present opportunities for buyers to find deals.

Homes Going Back on the Market:

Pending sales have decreased by 4%, now at 848 homes. This reduction may be tied to the spring break period, as buyers may be holding off on making offers while they take time off. Despite the dip, pending sales remain strong, which bodes well for the market as it picks up again post-spring break.

Pending Sales:

The number of homes going back on the market has decreased by 4%, with 153 homes returning to the market. This decrease is a positive sign that fewer deals are falling through during this slower period, meaning buyers are following through with their commitments.

Average Days on Market:

The average number of days on market has decreased by 8%, now standing at 48 days. Homes are still selling relatively quickly, which is encouraging for sellers despite the seasonal slowdown. As buyer activity ramps up after spring break, we expect the time on market to continue to decrease.

What Does This Mean for You?

While the slight downturn in listings, sales, and prices may seem concerning, it’s likely just a temporary pause due to spring break activities. Historically, the market tends to rebound quickly after these seasonal slowdowns, and we expect to see more activity in the coming weeks as we approach the peak spring season.

Buyers who are active during this time may find less competition, making it a good opportunity to explore available properties. Sellers should be prepared for an uptick in demand as spring break ends, and more buyers return to the market.