07/09/25
What's Happening in Kansas City Real Estate This Week

As we head into the second week of July, the Kansas City real estate market is showing some notable fluctuations, likely due to the 4th of July holiday and the long weekend. The number of listings, sales, and pending sales have all seen significant decreases, but these drops are typical for this time of year as people take time off for vacations and family events. Let’s take a closer look at this week’s numbers and compare them to last week’s trends.

New Listings:

This week, the number of homes listed has decreased by 26%, totaling 610 homes. This is a sharp drop from last week’s 826 homes. The holiday weekend likely played a role in this decline, as fewer sellers may have listed their homes during the busy holiday period. We expect listings to pick back up in the coming weeks as the market returns to normal activity levels.

Homes Sold:

The number of homes sold has decreased by 31%, now sitting at 801 homes. This is a substantial drop from last week’s 1,158 homes. This decrease is likely a result of fewer buyers actively closing deals during the holiday weekend. While the number of homes sold is down, it’s important to remember that this is a typical seasonal dip, and we can expect sales to pick up again as the holiday effects wear off.

Average List Value:

The average list price has increased by 13%, now standing at $439,396. This increase is a sharp contrast to the decrease in listings and sales, indicating that the homes that were listed during this time may be in higher price ranges. Sellers may be pricing their homes more competitively as they return to the market, expecting more buyers to engage post-holiday.

Average Sold Price:

The average sold price has increased by 1%, now at $411,585. While the number of homes sold is down, the slight increase in the average sold price suggests that homes are still maintaining their value. Buyers are still willing to pay competitive prices for desirable properties, despite the temporary slowdown in activity.

Price Reductions:

The number of homes with price reductions has decreased by 19%, now sitting at 678 homes. This is a decline from last week’s 713 homes with price cuts. This could indicate that fewer sellers are adjusting their prices during the holiday period, as many may be waiting for post-holiday buyer engagement to determine if further reductions are needed.

Pending Sales:

Pending sales have decreased by 26%, now at 586 homes. This is a notable drop from last week’s 790 homes pending sale. The holiday slowdown likely affected the pace of buyer activity, with fewer offers being made and contracts being signed. However, pending sales should pick back up as we head into the next few weeks.

Homes Going Back on the Market:

The number of homes going back on the market has decreased by 27%, now at 137 homes. This is a significant drop from last week’s 186 homes. This decrease suggests that fewer deals are falling through during the holiday period, which is a good sign for both buyers and sellers. Homes are moving forward with fewer complications.

Average Days on Market:

The average number of days on market has increased by 12%, now averaging 38 days. This is a modest increase from last week’s 34 days. Homes are taking slightly longer to sell, likely due to the holiday slowdown, but 38 days is still relatively quick compared to historical trends. We expect this number to stabilize as the market gets back to its regular pace.

 

What Does This Mean for You?

The fluctuations we’re seeing in the Kansas City real estate market this week are likely a result of the 4th of July holiday and the long weekend, which typically causes temporary slowdowns in both listings and sales. While there are some dips in key metrics, these changes are expected and are part of the natural ebb and flow of the market. As the market adjusts and normal activity resumes, we expect more homes to be listed and sold, with buyer and seller activity picking up again.

If you’re a buyer, now may be a good time to explore homes before competition increases later in the summer. For sellers, pricing homes competitively will continue to be key as the market shifts back into high gear.