07/03/25
What's Happening in Kansas City Real Estate This Week

As we head into the long weekend and the 4th of July, the Kansas City real estate market is showing some positive signs of growth, especially in the number of homes sold. While we see a few minor shifts in pricing and inventory, the overall trend remains strong, with significant increases in sales and average sold prices. Let’s dive into this week’s numbers and compare them to last week’s changes.

New Listings:

This week, the number of homes listed has increased by 4%, totaling 826 homes. This is an uptick from last week’s 792 homes, showing that sellers are becoming more active in the market as we enter the second half of the year. The increase in listings gives buyers more options to consider as the summer months continue.

Homes Sold:

The number of homes sold has increased by an impressive 23%, now sitting at 1,158 homes. This is a significant jump from last week’s 942 homes. This surge in sales is a clear indication that buyer activity is strong, and well-priced homes are continuing to sell quickly, reflecting a strong market even as we move into the summer.

Average List Value:

The average list price has decreased by 7%, now at $388,778. This drop from last week’s $419,310 indicates that sellers may be adjusting their pricing strategies to stay competitive. With more homes entering the market, some sellers may be lowering their prices to attract buyers, but this is a natural part of the market as we transition into summer.

Average Sold Price:

The average sold price has increased by 4%, now at $409,044. This rise follows last week’s $392,127 and indicates that homes that are selling are still maintaining strong values. The increase in average sold price is a good sign for sellers, showing that buyer demand remains high and homes in good condition are fetching competitive prices.

Price Reductions:

The number of homes with price reductions has decreased by 10%, now sitting at 841 homes. This follows last week’s 935 homes. The decline in price reductions suggests that sellers may be pricing their homes more accurately from the start, or adjusting their expectations in response to buyer demand. However, buyers can still find opportunities in reduced-price listings.

Pending Sales:

Pending sales have decreased by 7%, now totaling 790 homes. This is a decrease from last week’s 853 homes pending sale. The drop in pending sales could be seasonal, as buyers may be taking time off for vacations or enjoying summer activities. However, the market remains strong overall, and we expect pending sales to pick up again soon.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 3%, now at 187 homes. This follows last week’s 181 homes. This small increase could indicate that some deals have fallen through or that buyers are reconsidering their options. For buyers, homes that are back on the market may present opportunities, but it’s important to understand why the initial deal didn’t close.

Average Days on Market:

The average number of days on market has decreased by 3%, now at 34 days. This is a positive sign, showing that homes are selling relatively quickly, even with the seasonal adjustments. Homes are still moving efficiently, indicating that buyers are actively engaged in the market.

What Does This Mean for You?

This week’s market update shows some strong growth, especially in the number of homes sold and the average sold price. While there are minor shifts in listing prices and pending sales, the overall trend remains positive. With more homes being listed and homes continuing to sell at competitive prices, both buyers and sellers have opportunities in this active market.

Sellers should take advantage of the strong buyer demand, especially as home values are still holding strong, while buyers can benefit from the increased inventory and the potential for price reductions.