04/09/25
What's Happening in Kansas City Real Estate This Week

As we approach the middle of April, the Kansas City real estate market is showing a few signs of slowdown, but it’s important to note that this is typical as we transition into the peak of the spring season. The numbers reflect slight changes in listings, sales, and prices, but overall, the market remains steady. Let’s take a closer look at this week’s numbers and how they compare to previous trends.

New Listings:

The number of homes listed has increased by 1%, now totaling 789 homes. This slight uptick in listings is a good sign, as more sellers are entering the market, which provides buyers with more options. As we move further into spring, we can expect even more inventory to become available.

Homes Sold:

The number of homes sold has decreased by 13%, bringing the total to 793 homes. While this is a significant drop, it’s not unusual for the market to slow a bit as the transition to spring occurs. Buyers may be holding off on making decisions, or some sellers may be adjusting their prices, contributing to a slight dip in closed sales.

Average List Value:

The average list price has decreased by 3%, now at $413,144. This decline could indicate that sellers are adjusting their expectations or pricing more competitively as the market becomes more competitive. Buyers may find more opportunities as homes come in at lower price points.

Average Sold Price:

The average sold price has also dropped by 3%, now sitting at $365,150. This is in line with the drop in the list price and suggests that homes are selling for slightly less than in previous weeks. This decrease is minimal, and prices remain relatively stable compared to historical trends, but it’s important for both buyers and sellers to be mindful of market conditions.

Price Reductions:

The number of homes with price reductions has decreased by 12%, now at 546 homes. This decline in price reductions suggests that fewer sellers are adjusting their prices, perhaps because homes that are well-priced are moving quickly. However, buyers may still find opportunities in these listings, especially as sellers work to remain competitive.

Pending Sales:

Pending sales have decreased by 3%, now sitting at 917 homes. This slight drop could reflect a temporary pause in buyer activity as we approach the transition into the peak spring market. Despite this decrease, pending sales remain strong, indicating that many buyers are still moving forward with their decisions.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 13%, now standing at 150 homes. This reduction suggests that fewer deals are falling through, which is a positive sign for both buyers and sellers. Homes are more likely to close without complications, providing a more stable market environment.

Average Days on Market:

The average number of days on market has decreased by 6%, now averaging 52 days. Homes are selling a bit faster this week, which is a positive sign for sellers. It shows that despite the slight drop in sales, properties that are priced correctly are still moving at a healthy pace.

 

What Does This Mean for You?

Overall, the Kansas City real estate market is showing a few minor adjustments, but nothing too alarming. While the decrease in sales and prices may seem concerning, it’s likely just a temporary pause as we transition into the busier spring season. For buyers, now is still a great time to explore the available options before competition increases in the coming weeks. Sellers should remain competitive with their pricing to attract interest and move properties quickly.