06/11/25
What's Happening in Kansas City Real Estate This Week

As we enter the second week of June, the Kansas City real estate market is showing some signs of cooling down after the strong growth we saw just last week. This week, there are slight declines in new listings, homes sold, and prices, but these changes are typical as we move into the summer months. Let’s dive into this week’s numbers and compare them to last week’s trends to see how the market is evolving.

New Listings:

This week, the number of homes listed has decreased by 5%, now totaling 837 homes. This is a drop from last week’s 883 homes. While this decline might seem significant, it is fairly common as we move deeper into the summer season, and sellers may be taking a break or waiting for more favorable conditions to list their homes. Despite this decrease, inventory remains relatively strong.

Homes Sold:

The number of homes sold has decreased by 25%, bringing the total to 860 homes. This is a substantial drop from last week’s 1,145 homes sold. While this decrease is noticeable, it’s important to keep in mind that the high sales numbers from last week were likely due to a brief market surge, and this correction is normal. Even with the decrease, the number of homes sold remains healthy compared to earlier in the spring.

Average List Value:

The average list price has decreased by 5%, now at $418,403. This is a drop from last week’s $441,007, which indicates that sellers may be adjusting their expectations in response to shifting market conditions. While the decline is modest, it reflects the typical market adjustments as we enter the summer months, where homes may be priced more competitively to attract buyers.

Average Sold Price:

The average sold price has decreased by 5%, now standing at $393,410. This follows last week’s $411,939. The dip in the average sold price suggests that there may be more lower-priced homes selling, or that buyers are being more selective, particularly in the more expensive price brackets. While the decrease is noticeable, home prices are still holding strong overall.

Price Reductions:

Price reductions have decreased by 4%, with 834 homes now experiencing price cuts. This is a slight decline from last week’s 869 homes, indicating that fewer sellers are adjusting their prices. The fact that price reductions are still relatively high shows that sellers may be adjusting their expectations to stay competitive in a slower market, but the overall decrease is a good sign that homes are being priced more accurately from the start.

Pending Sales:

Pending sales have decreased by 3%, bringing the total to 853 homes. This drop follows last week’s 884 homes pending sale. While pending sales are slightly down, the overall number is still healthy, showing that many buyers are continuing to make offers. We can expect this number to fluctuate as we move through the summer, but it remains a positive indicator of ongoing buyer interest.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 8%, now standing at 158 homes. This decline follows last week’s 172 homes. A decrease in homes returning to the market suggests that deals are more likely to close without complications, which is a positive sign for both buyers and sellers.

Average Days on Market:

The average number of days on market has decreased by 13%, now averaging 34 days. This is a significant improvement from last week’s 39 days and indicates that homes are still selling relatively quickly, especially when priced right. Even though sales are down, homes that are well-positioned in the market are continuing to move fast.

 

What Does This Mean for You?

This week’s market update shows some cooling after last week’s strong growth, with slight declines in listings, sales, and prices. However, many of these numbers are still higher than earlier in the spring, and the overall market remains healthy. The slight reduction in price reductions and days on market suggests that sellers are becoming more strategic with pricing, while buyers still have plenty of opportunities to find homes.

For sellers, pricing competitively is key as the market stabilizes, while buyers may find good deals in price-reduced listings or homes that have returned to the market. With continued demand, especially for well-priced properties, the market is still active and offers opportunities for both sides.