05/14/25
What's Happening in Kansas City Real Estate This Week

As we move through the second week of May, the Kansas City real estate market is showing signs of stabilization after the significant jumps we saw last week. While some numbers have slightly decreased compared to last week, many of these figures are still higher than they were just two weeks ago, suggesting that the market is stabilizing after a period of rapid growth. Let’s dive into this week’s numbers and compare them to the trends from earlier this month.

New Listings:

The number of homes listed has decreased by 6%, now totaling 798 homes. While this is a slight dip from last week’s 845 homes, it’s still higher than the 713 homes listed two weeks ago. This decrease is typical as the market catches its breath after a big influx of new listings last week, but we can expect more homes to come to market as the spring season continues.

Homes Sold:

The number of homes sold has dropped by 21%, now sitting at 855 homes. This is a significant decline from last week’s 1,088 homes sold, but it’s still higher than the 786 homes sold two weeks ago. This decrease could be attributed to a natural slowdown following the surge in activity from last week, but the market is still strong with plenty of homes moving.

Average List Value:

The average list price has decreased by 6%, now at $403,034. This decrease reflects the natural ebb and flow of pricing as the market stabilizes. However, the average list price is still higher than the $396,476 recorded two weeks ago, indicating that overall, listing prices remain elevated in response to strong buyer demand.

Average Sold Price:

The average sold price has decreased by 4%, now at $368,802. While this is a drop from last week’s $377,727, it is still higher than the $361,727 average sold price from two weeks ago. The slight decrease may reflect a shift toward more affordable homes being sold, but the overall trend remains strong.

Price Reductions:

Price reductions have increased by 4%, now totaling 744 homes. This suggests that sellers are adjusting their prices as the market stabilizes after a period of rapid price increases. However, the number of homes with price reductions is still relatively high compared to the 624 homes reduced two weeks ago, indicating that some homes may still need to be adjusted to remain competitive in the market.

Pending Sales:

Pending sales have decreased by 4%, now sitting at 968 homes. While this is down from last week’s 1,003 homes, it’s still higher than the 884 homes pending sale two weeks ago. This indicates that buyers are still actively making offers, even if the pace of pending sales has slightly slowed from last week’s big jump.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 10%, now at 167 homes. This is a positive sign, as fewer deals are falling through. However, this is still an increase from the 144 homes back on the market two weeks ago, reflecting that some deals may still be reconsidered or delayed.

Average Days on Market:

The average number of days on market has decreased by 21%, now averaging 38 days. This significant decrease shows that homes are selling faster compared to last week’s 47 days, and even more quickly than the 52 days recorded two weeks ago. This is a strong indicator that homes are still moving quickly when priced right, and buyers are acting fast.

 

What Does This Mean for You?

While we’re seeing some minor adjustments this week compared to last week’s big jumps, the Kansas City real estate market is still holding strong overall. Listings and sales remain higher than they were two weeks ago, and despite the slight decrease in prices, homes are still moving quickly. Sellers can still expect to see good demand, but may need to adjust their prices in response to the more competitive market. Buyers will have more options as new listings come onto the market, and there are still opportunities to find great deals, especially with price reductions.