04/16/25
What's Happening in Kansas City Real Estate This Week

As we dive into mid-April, the Kansas City real estate market is showing some expected seasonal shifts. Although the number of homes listed and sold has decreased slightly, other key indicators like pending sales and the average number of days on market show signs of continued activity. Here’s a breakdown of the latest numbers for the week ending April 16, 2025, and what they mean for both buyers and sellers.

New Listings:

This week, the number of homes listed has decreased by 5%, bringing the total to 750 homes. This drop is typical as we transition further into spring, with some sellers waiting for optimal conditions to list their properties. As we head into the warmer months, we expect the number of listings to rise again, offering more options for buyers.

Homes Sold:

The number of homes sold has also decreased by 5%, now standing at 750 homes. This decrease is in line with the dip in listings, and it may reflect a temporary pause as the market adjusts to the mid-spring rhythm. However, the numbers remain strong, showing that there’s still solid buyer activity in the market.

Average List Value:

The average list price has remained fairly steady, with a slight 0.02% increase, now at $413,220. This stability in pricing suggests that sellers continue to be confident in the market, with homes priced in line with the current demand. For buyers, this steady pricing means homes are holding value and are still competitive, particularly in desirable areas.

Average Sold Price:

The average sold price has decreased by 1%, now sitting at $360,216. While this drop is minimal, it may suggest that some buyers are negotiating deals more aggressively, or it could reflect more entry-level homes selling as the market balances out. Despite this small decrease, the market is still strong for well-priced homes.

Price Reductions:

Price reductions have increased by 16%, now totaling 635 homes. This increase may indicate that sellers are adjusting their pricing strategies to remain competitive. Buyers may find some good opportunities in these price-reduced listings, as sellers work to attract attention in a competitive market.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 2%, now sitting at 147 homes. This decrease is a positive sign, showing that fewer deals are falling through. When homes stay on track through the closing process, it helps stabilize the market and gives buyers and sellers confidence in their transactions.

Pending Sales:

Pending sales have increased by 6%, now at 974 homes. This is a positive sign, indicating that buyers are still actively making offers and moving forward with purchases. The increase in pending sales suggests continued demand in the market, and we expect more closings in the coming weeks as contracts progress.

Average Days on Market:

The average number of days on market has decreased by 10%, now averaging 47 days. Homes are selling a bit faster, which is a good sign that buyers are still moving quickly on available listings. Sellers can take confidence in the fact that homes are still moving relatively quickly, provided they are priced competitively.

 

What Does This Mean for You?

Overall, the Kansas City real estate market is showing positive signs of stability and activity. While the slight decrease in listings and sales may seem concerning, the strong number of pending sales and the drop in days on market suggest that buyers are still engaged and ready to act when they find the right property. Sellers can continue to be confident in pricing their homes well and making necessary adjustments as the market picks up.