08/13/25
What's Happening in Kansas City Real Estate This Week

This week’s numbers show the Kansas City market stabilizing after recent fluctuations. While many metrics have pulled back from last week’s peaks, most are still higher than they were a couple of weeks ago, indicating that the market remains active even as it normalizes.

New Listings:

The number of homes listed has decreased 13% from last week’s 877 homes. After several weeks of increased inventory, this dip may signal a short-term pause in new listings, giving buyers slightly fewer options this week.

Homes Sold:

Homes sold are down 17% from 930 last week, reflecting the market adjusting after recent high sales volumes. While this is a pullback, sales remain strong compared to earlier in the month, suggesting continued demand.

Average List Value:

The average list price is essentially stable, down less than 1% from last week’s $396,608. Sellers are keeping pricing fairly consistent despite the market cooling slightly.

Average Sold Price:

The average sold price dropped 3% from $401,195 last week, showing some softening in sale prices, but homes are still selling close to their list price.

Price Reductions:

Price reductions are nearly flat, rising slightly from 827 last week, indicating that most sellers are maintaining their pricing strategies with minimal adjustments.

Pending Sales:

Pending sales fell 4% from 834 last week, suggesting a slight slowdown in the number of buyers moving toward closing, but still keeping activity above levels seen a couple of weeks ago.

Homes Going Back on the Market:

The number of homes returning to the market dropped 13% from 182, indicating fewer deals falling through this week, which is a positive sign for overall market stability.

Average Days on Market:

The average days on market rose 13% from 38, meaning homes are taking a bit longer to sell. This is a natural adjustment after several weeks of rapid sales.

 

What Does This Mean for You?

This week reflects a market that is cooling slightly after recent peaks. Listings, sales, and pending sales are down, while prices remain mostly stable. Homes are taking a little longer to sell, but the market is still active and robust. Buyers can expect slightly more negotiating power, while sellers should focus on pricing and presentation to stand out in a competitive market.

The Kansas City market continues to balance itself, and these trends will be important to watch as we move further into late summer.