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

As we near the end of June, the Kansas City real estate market is showing some minor adjustments, with slight decreases in listings and sales compared to last week. Despite these changes, most numbers remain strong, and there are still plenty of opportunities for both buyers and sellers. Let’s dive into this week’s market trends and compare them to the changes from last week.

New Listings:

This week, the number of new homes listed has decreased by 9%, now totaling 792 homes. This is a drop from last week’s 874 homes, indicating a slight cooling in the number of new listings. As we move into the summer season, it’s normal for the market to experience these fluctuations, but we expect listings to continue as we head into the second half of the year.

Homes Sold:

The number of homes sold has decreased by 2%, now at 942 homes. This is a slight dip from last week’s 966 homes sold. While this decrease is small, it’s likely a seasonal adjustment, and the market still shows strong buyer interest overall, with many homes still moving through the sales process.

Average List Value:

The average list price has decreased by 1%, now sitting at $419,310. This follows last week’s $425,152, reflecting a minor adjustment in pricing. Sellers may be adjusting their prices to remain competitive as more homes enter the market. This price decrease is typical of seasonal market shifts but is still in line with healthy market activity.

Average Sold Price:

The average sold price has increased by 1%, now at $392,127. This is a slight rise from last week’s $385,120. This increase indicates that while listing prices are adjusting, homes that are selling are still maintaining strong value, suggesting that buyers are willing to pay for well-priced homes in desirable locations.

Price Reductions:

The number of homes with price reductions has increased by 4%, bringing the total to 935 homes. This is an increase from last week’s 898 homes. As more listings come onto the market, sellers are making adjustments to stay competitive, and buyers may find opportunities to negotiate deals on these price-reduced properties.

Pending Sales:

Pending sales have decreased by 2%, now totaling 853 homes. This follows last week’s 872 homes pending sale. The slight decrease may be a reflection of the seasonal slowdown as buyers may be taking vacations or enjoying summer activities. Despite this, pending sales remain strong and indicate continued buyer interest.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 1%, now standing at 181 homes. This is a small increase from last week’s 172 homes, suggesting that some deals are falling through or buyers are reconsidering their choices. However, this remains a manageable number, and homes that are returning to the market may present opportunities for interested buyers.

Average Days on Market:

The average number of days on market has remained unchanged at 35 days. This stability indicates that homes are still selling relatively quickly, even with the minor fluctuations in inventory and sales. Sellers can feel confident that well-priced homes will still attract buyers, and buyers have a reasonable window of time to explore homes before making a decision.

What Does This Mean for You?

This week’s market update shows minor adjustments in key indicators, but the Kansas City real estate market remains healthy overall. While the number of homes listed and sold is slightly down, the average sold price is still rising, and homes are continuing to sell in a reasonable amount of time. The increase in price reductions and homes going back on the market shows that sellers are adjusting their strategies, but there are still opportunities for both buyers and sellers to succeed.

Buyers should take advantage of the slightly lower prices and price reductions, while sellers can confidently price their homes knowing that strong buyer demand is still present. As the summer progresses, expect the market to stabilize and continue providing opportunities for both sides.