05/28/25
What's Happening in Kansas City Real Estate This Week

As we near the end of May, the Kansas City real estate market is showing some expected seasonal adjustments. While there’s a slight dip in new listings, sales, and prices, it's important to note that many of these numbers are still in line with typical spring transitions. Let’s take a closer look at this week’s market trends and compare them to last week’s changes.

New Listings:

The number of homes listed this week has decreased by 12%, now standing at 772 homes. This is a drop from last week’s 874 homes, which is typical as we move past the peak of spring listings. As we enter the summer months, we may see inventory dip slightly as sellers take a break, but expect listings to pick up again as more homes become available for the summer market.

Homes Sold:

The number of homes sold this week has decreased by 16%, now at 814 homes. This follows last week’s 966 homes sold. This decrease likely reflects the typical post-spring slowdown, as many buyers may be taking a break or waiting for the summer market to fully take shape. Even with the decrease, sales remain healthy compared to earlier in the spring.

Average List Value:

The average list price has decreased by 2%, now at $420,382. This slight dip follows last week’s $427,347 and could indicate that sellers are adjusting their prices to remain competitive in a market with fluctuating demand. While the price reduction isn’t drastic, it’s still a typical adjustment as we move toward summer when market conditions can shift.

Average Sold Price:

The average sold price has decreased by 7%, now sitting at $374,013. This decrease follows last week’s $403,098 and suggests that buyers are focusing on more affordable homes as we move further into the season. Even with the dip, home values are still strong overall, and prices are holding steady compared to previous years.

Price Reductions:

Price reductions have decreased by 22%, now at 587 homes. This is a significant drop from last week’s 751 homes, indicating that fewer sellers are feeling the need to adjust their prices. As we approach summer, this could suggest that many homes are being priced more accurately from the start, and fewer adjustments are necessary.

Pending Sales:

Pending sales have decreased by 20%, bringing the total to 783 homes. This is a significant decline from last week’s 984 homes pending sale, likely reflecting a seasonal pause as buyers take a breather or reassess their options. Despite the decrease, pending sales remain strong, and the market will likely pick up again in the coming weeks.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 7%, now at 159 homes. This uptick follows last week’s 147 homes and suggests that some deals may have fallen through or buyers are reconsidering their options. For buyers, this could present opportunities to explore homes that were previously under contract.

Average Days on Market:

The average number of days on market has decreased by 8%, now averaging 36 days. This is a notable improvement from last week’s 39 days and indicates that homes are still selling relatively quickly when priced correctly. Sellers can take comfort in knowing that the market remains active, even with the slight dip in sales.

 

What Does This Mean for You?

The Kansas City real estate market is showing typical seasonal shifts as we approach the summer months. While some numbers are down compared to last week—such as new listings, sales, and prices—the market remains relatively strong overall. The decrease in price reductions and days on market suggests that homes are still moving, but buyers and sellers may be adjusting to changing market conditions as we head into the summer.

Sellers should continue to price their homes competitively, while buyers may find opportunities in price reductions and listings that are returning to the market. With more inventory expected soon, now is a great time for both buyers and sellers to act.