08/06/2025
What's Happening in Kansas City Real Estate This Week

As we move into the first week of August, the Kansas City real estate market is showing positive momentum. The number of listings and sales are both up, and prices are holding steady with slight increases. While price reductions and days on market have seen modest upticks, overall the market remains active and healthy. Let’s dive into this week’s numbers and compare them to last week’s trends.

New Listings:

This week, the number of homes listed has increased by 10%, bringing the total to 877 homes. This is a significant rise from last week’s 797 homes. The increase in listings suggests that more sellers are entering the market, providing buyers with more options as we continue into the summer and early fall. More inventory can mean more competition among buyers, but it also gives them a wider range of choices.

Homes Sold:

The number of homes sold has increased by 15%, now totaling 930 homes. This is a strong jump from last week’s 807 homes. The rise in sales reflects that buyer activity remains robust, with homes continuing to sell quickly. This is a great sign for sellers, as demand remains strong and buyers are still actively making purchases.

Average List Value:

The average list price has increased by 0.01%, now sitting at $396,608. While this is a very modest rise from last week’s $395,821, it shows that sellers are maintaining their pricing strategies and are not significantly lowering prices despite the increase in inventory. This price stability suggests that the market is still in good shape, with homes continuing to be priced fairly for current conditions.

Average Sold Price:

The average sold price has increased by 0.17%, now standing at $401,195. This small increase from last week’s $400,187 indicates that homes are continuing to hold their value. Buyers are still willing to pay competitive prices for well-maintained homes, and homes are selling relatively close to their list prices.

Price Reductions:

Price reductions have increased by 11%, now at 827 homes. This follows last week’s 744 homes with price cuts. The rise in price reductions suggests that some sellers may be adjusting their pricing strategies to stay competitive with the increase in listings. For buyers, this could present opportunities to find deals on homes that have been reduced in price.

Pending Sales:

Pending sales have increased by 3%, now totaling 834 homes. This slight rise follows last week’s 791 homes pending sale. The increase in pending sales is a positive sign that buyer demand is continuing to drive the market, and homes are moving through the sales process efficiently.

Homes Going Back on the Market:

The number of homes going back on the market has increased by 3%, now at 182 homes. This is a slight rise from last week’s 176 homes. While a small increase, it suggests that some deals may have fallen through or that buyers are reconsidering their options. For those looking to purchase, homes that are back on the market could present new opportunities.

Average Days on Market:

The average number of days on market has increased by 5%, now at 38 days. This is up from last week’s 36 days, indicating that homes may be taking a little longer to sell. While this is a slight uptick, 38 days is still a relatively quick turnaround, especially considering the increase in inventory. Homes that are well-priced and move-in ready continue to sell efficiently.

What Does This Mean for You?

The Kansas City real estate market continues to show positive trends, with more listings and homes selling at competitive prices. While there are some modest increases in price reductions and days on market, overall, the market remains active and healthy. Buyers have more inventory to explore, and sellers can still expect strong demand for well-priced homes.

Sellers should be mindful of the rise in price reductions and ensure their homes are priced competitively to attract buyers. Buyers, on the other hand, have more options to choose from and may find opportunities in price-reduced homes or those that are back on the market.