07/16/25
What's Happening in Kansas City Real Estate This Week

As we move into the third week of July, the Kansas City real estate market is showing signs of recovery after the 4th of July holiday slowdown. The number of listings, pending sales, and sold homes have all seen significant increases this week, indicating that buyer activity is picking back up. However, there are some shifts in pricing and days on market that reflect the adjustment to current market conditions. Let's take a closer look at this week’s numbers and compare them to last week's changes.

New Listings:

This week, the number of homes listed has surged by 42%, now totaling 868 homes. This is a notable increase from last week’s 610 homes. As the market gets back into full swing post-holiday, more sellers are entering the market, offering buyers more options. This jump in listings is a great sign that inventory is increasing, giving buyers more homes to consider.

Homes Sold:

The number of homes sold has increased by 5%, now at 838 homes. This follows last week’s 801 homes sold, showing a slight recovery in home sales after the 4th of July slowdown. While the number of homes sold is still lower than previous peak weeks, the upward trend suggests that demand is returning to normal as more homes hit the market.

Average List Value:

The average list price has decreased by 10%, now standing at $394,370. This decline from last week’s $439,396 indicates that sellers may be adjusting their pricing strategies to remain competitive in a recovering market. With more listings coming onto the market, some sellers may be pricing their homes more realistically to attract buyers.

Average Sold Price:

The average sold price has decreased by 1%, now sitting at $405,565. This follows last week’s $411,585. The slight decrease in the average sold price could reflect more affordable homes selling or buyers negotiating prices more actively. Despite this dip, home values are still holding relatively strong, with homes continuing to sell for competitive prices.

Price Reductions:

The number of homes with price reductions has increased by 27%, now totaling 861 homes. This is a significant rise from last week’s 678 homes. The increase in price reductions suggests that some sellers are adjusting their pricing to stay competitive in the current market conditions. For buyers, this could present opportunities to find deals on homes that have had their prices lowered to attract more attention.

Pending Sales:

Pending sales have increased by an impressive 50%, now at 877 homes. This follows last week’s 586 homes pending sale. The sharp rise in pending sales indicates that buyer demand is bouncing back strongly, and more homes are going under contract. This is a positive sign for the market, showing that buyers are taking advantage of the increased inventory and moving forward with their decisions.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 19%, now at 163 homes. This is an increase from last week’s 137 homes. While this uptick might indicate that some deals are falling through, it is still a relatively small percentage of the total market. For buyers, homes that are back on the market could represent new opportunities, but it’s important to understand why these deals didn’t close.

Average Days on Market:

The average number of days on market has decreased by 16%, now averaging 32 days. This is a significant decrease from last week’s 38 days. Homes are selling faster, which is a strong sign that buyer demand is recovering. Sellers who price their homes competitively can still expect quick sales, even as the market begins to stabilize.

 

What Does This Mean for You?

This week’s market update shows a strong recovery from the holiday slowdown, with significant increases in new listings, pending sales, and the number of homes sold. The decrease in average list prices and slight dip in sold prices reflect a more competitive market, as sellers adjust to the growing inventory and buyer demand. The sharp rise in price reductions and the number of homes going back on the market indicates that some sellers are recalibrating their strategies.

For sellers, now is still a great time to list, but competitive pricing and market-aware strategies will be key. For buyers, more homes are becoming available, and there are opportunities to find homes that may have seen price reductions or are coming back to the market.