What's Happening In Kansas City Real Estate This Week? 01/08/25
01/08/25Kansas City Real Estate: Your Weekly Market Update As we settle into January, the Kansas City real estate market is showing some interesting shifts. After the holiday slowdown, we’re seeing more activity, though the numbers are a bit of a mixed bag. With more homes hitting the market and some price adjustments happening, let’s break down what’s going on and what it could mean for buyers and sellers in the weeks ahead. New Listings Up 64% to 382 Homes Great news for buyers! The number of homes being listed this week has increased by a massive 64%, with 382 homes now on the market. This jump shows that sellers are getting back into the game after the holidays, offering more options for buyers to choose from. If you’ve been waiting for the right moment to start looking, this surge in new listings might be just what you’ve been waiting for. Homes Sold Down 21% to 412 While there are more homes available, the number of homes that sold this week has decreased by 21%, bringing the total to just 412 homes. This drop is typical as we transition out of the holiday season and into the new year. Many buyers and sellers may still be in wait-and-see mode, but with more listings coming on the market, we expect this number to start ticking back up soon. Average List Value Up 23% to $406,903 In a surprising shift, the average list value has skyrocketed by 23%, now sitting at $406,903. This significant increase could be due to more higher-priced homes hitting the market, or it could be a result of sellers adjusting their prices to match current market conditions. If you’re a buyer, be prepared for some homes at a higher price point, but with more variety in listings, there should still be options in various price ranges. Average Sold Price Up 2% to $369,165 The average sold price has also risen by 2%, reaching $369,165. This suggests that, despite fewer homes selling overall, the homes that are selling are holding their value. This is a good sign for sellers who may be concerned about getting top dollar for their homes. Buyers, however, should be prepared for some competition in certain price segments. Listings with Price Reductions Up 43% to 351 Homes An interesting trend this week is the 43% increase in listings with price reductions, now totaling 351 homes. This could be a result of sellers adjusting their prices after realizing that they may have overestimated the market’s readiness post-holidays. If you’re a buyer, this could be an opportunity to find homes that have become more competitive in price, giving you a chance to negotiate. Homes Going Back on the Market Up 28% The number of homes going back on the market has also increased by 28%. This could indicate that some deals fell through or that buyers are taking longer to make decisions. It’s not unusual for the market to have a few bumps early in the year as both buyers and sellers adjust to new circumstances. If you’re interested in one of these homes, make sure to do a thorough review to ensure everything is in order. Pending Sales Up 6% to 351 Homes On a positive note, the number of homes that are pending sale has increased by 6%, now standing at 351 homes. This is a sign that some buyers are still actively moving forward with deals, despite the seasonal slowdown. With more homes under contract, it’s likely that the market will pick up speed as we move into February. Average Days on Market Down 6% to 44 Days The average number of days on market has decreased by 6%, now at 44 days. Homes are selling a bit faster compared to previous weeks, which could be a sign that buyers are beginning to take action again. As we continue into January, we expect this trend to continue as more listings come on the market and more buyers start making decisions. What Does This Mean for You? Overall, the market is showing signs of life with more homes hitting the market and prices adjusting in response to current conditions. Buyers have more choices than they did over the holidays, and sellers who are pricing their homes right are still seeing success. If you’re a seller, it may be time to review your pricing strategy and consider making adjustments based on recent market trends. For buyers, now could be a great time to dive into the market and find that perfect home before the competition picks up. At New Heights Kansas City, we are here to help you navigate these changes and make the best decisions for your real estate goals. With our new website at newheightskc.com, we’ve made it easier than ever to explore homes, get market updates, and connect with our expert team. Whether you’re buying or selling, we’ve got the tools and experience to help you succeed. Stay tuned for more updates, and happy house hunting in the new year! The Heights Report, the weekly publication from New Heights KC, features original content, homeowner tips, updates on local market trends, community events in the Kansas City Metro area, and real estate advice from leading industry experts. Stay in the know and subscribe today! Subscribe to Our Newsletter
What's Happening in Kansas City Real Estate This Week? 01/01/25
01/01/25Weekly Kansas City Metro Real Estate Market Update Happy New Year from all of us at New Heights Kansas City (formerly known as TEAMre)! We hope you had a wonderful holiday season and are ready to kick off 2025 with fresh goals and a renewed perspective. As we head into the first week of the year, the real estate market has seen some typical seasonal fluctuations. Many of the numbers from last week are likely skewed due to the holidays, but just like after Thanksgiving, we expect things to rebound over the next week or two. Here’s a look at the real numbers for last week: New Listings: Down 28% to 233 Homes With the holidays in full swing, it's no surprise that the number of new homes being listed dropped by 28% to just 233. Many sellers are taking a break from listing their homes, choosing to wait until after the New Year celebrations have wrapped up. If you’re a buyer, this means there are fewer homes to choose from right now, but we expect the number of new listings to increase in the coming weeks as people get back into the swing of things. Homes Sold: Down 35% to 520 The number of homes that sold also saw a sharp decline of 35%, totaling 520 for the week. Again, this drop is typical for the holiday season, as fewer buyers are actively closing deals during this time. Many buyers and sellers are taking a breather after the hustle and bustle of the holidays, but don’t worry—this dip is temporary, and the market should pick up again soon. Average List Value: Up 6% to $331,577 On a positive note, the average list value has increased by 6%, now sitting at $331,577. This is a sign that sellers are holding steady on pricing despite the holiday slowdown. For buyers, this means that properties that are listed are still holding strong in terms of value, and as new listings hit the market, we could see that trend continue. Average Sold Price: Up 3% to $362,921 The average sold price also rose by 3%, now reaching $362,921. This increase suggests that homes that are selling are still commanding solid prices, even with the lower number of transactions. If you’re a seller, this is encouraging news, as homes that are well-priced and in good condition continue to perform well. Price Reductions: Down 21% to 245 Homes Listings with price reductions have decreased by 21%, bringing the total to 245 homes. This suggests that fewer sellers are needing to lower their prices right now, likely because many homes are still holding their value or because sellers are simply waiting until after the New Year to make any adjustments. Homes Going Back on the Market: Down 9% The number of homes going back on the market has decreased by 9%, which is a good sign that buyers and sellers are sticking to their commitments during this time. It’s always encouraging when fewer deals fall through, and this trend could mean that things will stabilize as we move into the new year. Pending Sales: Down 27% to 331 Homes Pending sales were also down by 27%, with only 331 homes currently under contract. As we’ve seen in the past after the holidays, it’s not unusual for this number to be lower at the beginning of the year. Once the holiday season wraps up and people get back to their regular routines, we expect pending sales to rise again. Average Days on Market: Down 6% to 47 Days Interestingly, the average days on market have decreased by 6%, now standing at 47 days. This suggests that even with the slower activity, homes that are listed are selling a little faster than they did earlier in the fall. This could be a sign of pent-up demand, and as we move further into the year, we may see homes selling even more quickly as buyers return to the market in full force. What Does This Mean for You? While the numbers may appear slow right now, keep in mind that these holiday fluctuations are nothing new. Historically, the real estate market experiences a dip during the last few weeks of the year, and we expect things to bounce back in the coming weeks—just as they did after Thanksgiving. If you're looking to buy or sell, now is still a great time to plan and prepare for the months ahead. At New Heights Kansas City, we are here to help you navigate the shifting market. Whether you're looking to list your home, find a new one, or just want some advice on timing, our team of experts is ready to guide you. Here's to a successful and prosperous year ahead in the Kansas City real estate market! Happy New Year! We’ll see you soon for more updates! KC Market Watch, the weekly publication from New Heights KC, features original content, homeowner tips, updates on local market trends, community events in the Kansas City Metro area, and real estate advice from leading industry experts. Stay in the know and subscribe today! Subscribe to Our Newsletter
What's Happening in Kansas City Real Estate This Week? 12/24/24
12/24/24Weekly Kansas City Metro Real Estate Market Update Ho ho ho! It’s Christmas Eve, and here at New Heights KC, we’ve been busy making sure all the homes on Santa’s list are ready to go! While we may not be delivering presents (unless you count a cozy new home), we’ve been keeping an eye on the market and, let’s just say—it’s a little jolly out there! Here’s what’s going down in the Kansas City real estate market this week, straight from the North Pole... I mean, our offices at New Heights KC. New Listings: Up 100% (Thanks to the Elves!) This week, the number of new listings has skyrocketed by 100%! That’s right, Santa and his elves have decided to gift the market with a sleigh-full of brand new homes – 1,000 listings to be exact! They figured that the more homes, the merrier, right? After all, what better time to list your home than when everyone’s feeling jolly? If you’ve been dreaming of a new home before the New Year, now’s your chance to explore the magic of the season. Homes Sold: Up 300% to 1,237 Homes (That’s a Lot of Elves Moving In!) In a stunning turn of events, 1,237 homes SOLD this week—because who’s more motivated than Santa’s elves when they find a perfect home near a fireplace for their cozy stockings? The market is on fire—or should we say, “on sleigh”!? It looks like the elves are really snatching up homes in preparation for next year’s toy-making! Average List Price: $1,000,000,000 (That’s a Lot of Toys!) Prices are up, up, up this week! The average list price? $1,000,000,000. Why? Well, have you seen Santa’s workshop lately? It’s all about luxury homes for high-end toy production. Don’t worry, though, if you’re not looking for a mansion made entirely out of gingerbread, we’ve got plenty of cozy places for those smaller budgets, too. Average Sold Price: Up to $550,000 (Some Elves Are Living LARGE!) Not to be outdone, the average sold price has gone up this week, reaching a solid $550,000. Seems like Santa’s elves have been busy splurging on cozy fireplaces, luxury kitchens, and homes with extra space for all their holiday cookies! If you're a seller, the elves' taste for fine homes is paying off – they're snatching up properties faster than Rudolph’s nose lights the way! Listings with Price Reductions: Up 85% to 805 Candy Canes We’ve seen 805 candy canes (er, homes) with price reductions this week, as even Santa knows when it’s time to sweeten the deal. If you’re looking for something a little more festive (and affordable!), these homes are now at an irresistible price. 🍭🏡 Homes Going Back on the Market? Down to 0 Reindeer Homes No reindeer homes have returned to the market this week! Santa’s helpers have been so efficient that not a single deal has fallen through. All homes are flying off the market faster than Santa’s sleigh on Christmas Eve. Pending Sales: Up 100% to EVERYONE Every elf in the North Pole is officially under contract. Pending sales are up 100%, meaning everyone’s busy checking out homes, signing contracts, and getting ready for 2025. Let’s face it—who wouldn’t want to start the new year in a brand-new home, complete with a chimney for Santa to come down? 🎄 Days on Market: 0 Days (Because Santa’s Too Fast!) This week, homes are selling faster than Rudolph’s nose with an average of 0 days on market. That’s right, homes are disappearing faster than cookies at the North Pole. If you’re thinking about listing your home (after all those holiday cookies are gone), don’t wait—homes are flying off the market! Merry Christmas from New Heights KC! It’s been a magical year, and as we wrap up 2024, we’re so grateful to have been a part of your real estate journey. Whether you’ve been naughty or nice, we’ve got the perfect home for you (just ask Santa). And as we ring in 2025, we want you to know that our team at New Heights KC is here to help you find your dream home in the new year, no matter how big or small your wish list is! As always, if you have questions or need help with your real estate plans, give us a call. We’re here, sleigh bells in hand, ready to make the next chapter of your story as magical as a holiday season spent at home. Stay tuned for more updates! Until then, enjoy your holiday festivities and don’t forget to leave out those cookies! KC Market Watch, the weekly publication from New Heights KC, features original content, homeowner tips, updates on local market trends, community events in the Kansas City Metro area, and real estate advice from leading industry experts. Stay in the know and subscribe today! Subscribe to Our Newsletter
What's Happening in Kansas City Real Estate This Week? 12/17/2024
12/17/24Weekly Kansas City Metro Real Estate Market Update As we wrap up the week, the Kansas City real estate market shows a mix of positive and challenging trends. While some numbers indicate continued buyer demand, others point to a slight slowdown in activity compared to previous weeks. Let’s break down the latest figures and what they mean for you, whether you’re buying or selling in today’s market. New Listings: Down 8% to 494 Homes The number of new homes listed for sale has decreased by 8%, dropping to 494 this week. While this isn’t a dramatic decline, it does indicate that fewer sellers are entering the market as we head into the colder months. For buyers, this may mean less competition, but it also means fewer options to choose from. Homes Sold: Up 5% to 789 In contrast to the dip in listings, the number of homes sold has seen a 5% increase, now totaling 789. This is a positive sign that demand remains steady and buyers are still actively looking for homes. If you’ve been waiting for the right time to sell, this uptick in sales may give you the confidence to list your property. Average List Value: Down 5% to $325,212 The average list value has decreased by 5%, now sitting at $325,212. This may reflect a trend where sellers are adjusting their prices to remain competitive in a slightly slower market. Buyers may find more opportunities in this adjustment, especially for homes that have been priced well in response to current market conditions. Average Sold Price: Up 2% to $376,153 On a more positive note, the average sold price has increased by 2%, reaching $376,153. This suggests that even though there are fewer listings, the homes that are selling are commanding higher prices. It’s a reminder that pricing and home condition still play a major role in the sale price, and homes in good condition continue to perform well in the market. Listings with Price Reductions: Down 19% to 435 Homes The number of homes with price reductions has decreased by 19%, bringing the total to 435. This suggests that fewer sellers are adjusting their asking prices, possibly because homes that are listed at reasonable prices are finding buyers more quickly. If you’re selling, it’s still important to price your home correctly from the start to avoid the need for price reductions. Homes Going Back on the Market: Up 10% The number of homes going back on the market has increased by 10%. This could indicate that some deals are falling through or buyers are taking more time to finalize their decisions. It’s always important to have a good understanding of why a property is coming back on the market, as it can affect the overall market perception. Pending Sales: Down 3% to 568 Homes Pending sales have dropped by 3%, now sitting at 568 homes. This is a slight decrease, suggesting that some buyers are putting their plans on hold as the year comes to a close. While the market is still active, this dip could be a result of the holiday season approaching, when many people slow down their buying activities. Average Days on Market: Up 14% to 48 Days The average number of days on market has increased by 14%, now averaging 48 days. This means that homes are taking a little longer to sell, likely due to the combination of fewer listings and some buyer hesitation. If you’re a seller, it may take a little more time to secure a buyer, but with the right strategy, you can still see success. Whether you’re buying, selling, or simply keeping an eye on the market, the real estate landscape is shifting. For personalized guidance, reach out to one of our experienced agents at New Heights KC, and we’ll help you navigate these changes with confidence. Be sure to check back next week for another update. Happy house hunting! KC Market Watch, the weekly publication from New Heights KC, features original content, homeowner tips, updates on local market trends, community events in the Kansas City Metro area, and real estate advice from leading industry experts. Stay in the know and subscribe today! Subscribe to Our Newsletter
What's Happening in Kansas City Real Estate This Week? 12/11/24
12/11/24Weekly Kansas City Metro Real Estate Update This week, we’re seeing some positive movement in the Kansas City real estate market. With a number of key indicators showing growth, it seems that the market is beginning to pick up again after the post-Thanksgiving slowdown. Here’s a breakdown of the latest statistics and what they mean for buyers and sellers. New Listings Up 38% to 535 Homes There’s been a significant jump in new listings this week, up 38% to 535 homes. This is great news for buyers who’ve been waiting for more options in the market. Sellers are increasingly confident as we approach the end of the year, and there’s a greater variety of homes available, offering more opportunities for both first-time and seasoned buyers. Homes Sold Up 10% to 754 The number of homes sold has also increased by 10%, bringing the total to 754. This is a clear indication that demand is picking up, with buyers still actively searching for the right properties. The market is showing some resilience, even with the holiday season in full swing. Average List Value Holding Steady at $341,483 The average list value is holding steady at $341,483, the same as last week. This consistency in list prices indicates that sellers are confident in the market and are pricing their homes competitively. Whether you're buying or selling, this stability is a good sign that the market is stabilizing as we head into the winter months. Average Sold Price Down 1% to $369,588 Although the number of homes sold has increased, the average sold price has dropped slightly by 1%, now at $369,588. This modest decrease may be due to an increase in the number of homes available at different price points, offering more variety in terms of price. It’s important to remember that price fluctuations are typical, and this slight dip does not indicate a long-term trend. Listings with Price Reductions Up 18% to 535 Homes There has been an 18% increase in the number of listings with price reductions, bringing the total to 535 homes. This suggests that some sellers are adjusting their prices to better align with market expectations and buyer preferences. If you’re a seller, this is a good reminder to stay competitive with your pricing strategy to ensure your home stands out in a crowded market. Homes Going Back on the Market Down 9% The number of homes going back on the market has decreased by 9%. This could mean that buyers and sellers are making more decisive decisions, with fewer homes falling out of contract and returning to the listing pool. It’s a positive sign that the market is starting to regain its momentum after the seasonal slowdown. Pending Sales Up 26% to 585 Homes One of the most encouraging statistics this week is the 26% increase in pending sales, bringing the total to 585 homes. This indicates that there are more active buyers moving forward with offers and contracts, suggesting that the market is warming up for the end of the year. If you’ve been hesitant to make a move, now could be a great time to enter the market. Average Days on Market Down 5% to 42 Days The average number of days on market has decreased by 5%, now averaging 42 days. Homes are selling faster than in recent weeks, likely due to the increase in buyer activity and the growing number of listings. This trend is encouraging for sellers, as homes that are priced right and marketed well are seeing quicker sales. What Does This Mean for You? Overall, the Kansas City real estate market is showing some positive momentum, with increases in listings, sales, and pending contracts. While the average sold price has dipped slightly, the overall market remains healthy. If you’re thinking about buying or selling, this is a good time to contact us to help you navigate these changes and make informed decisions based on the latest market trends. The end of the year is fast approaching, we expect the market to stay active but with some typical seasonal adjustments. Whether you’re buying, selling, or just keeping an eye on the market, be sure to check back next week for another update. And remember, if you have any questions, don’t hesitate to contact us at New Heights KC for personalized advice and guidance. KC Market Watch, the weekly publication from New Heights KC, features original content, homeowner tips, updates on local market trends, community events in the Kansas City Metro area, and real estate advice from leading industry experts. Stay in the know and subscribe today! Subscribe to Our Newsletter
What's Happening in Kansas City Real Estate This Week? 12/04/24
12/04/25Weekly Kansas City Metro Real Estate Market Update As we move through the holiday season, it’s no surprise that the Kansas City real estate market is experiencing some notable shifts. The numbers for this week show significant changes across various metrics, but it’s important to keep in mind that many of these fluctuations are likely due to the Thanksgiving holiday, which often brings a natural slowdown to the market. Let's dive into the numbers and see how they stack up. New Listings Down 37% to 387 Homes This week, the number of homes being listed for sale has dropped by 37%, bringing the total to 387. This is a sharp decline compared to previous weeks, and it’s likely that many sellers are holding off until after the holiday season, or possibly waiting until the new year to list their homes. If you're a seller, don’t panic! While the numbers are down, this could create an opportunity for your listing to stand out. Homes Sold Down 27% to 685 The number of homes sold this week has also decreased by 27%, dropping to 685. This is another reflection of the holiday slowdown, as many buyers and sellers take a break during this time. While the drop in sales can seem concerning, it’s crucial to understand that this is often a seasonal trend, and the market is likely to pick up again as we move into the new year. Average List Value Up 2% to $342,044 One encouraging sign is that the average list value has increased by 2%, now standing at $342,044. This suggests that despite the drop in listings and sales, home values are holding steady or even slightly increasing. It’s a good reminder that while activity may slow down, home prices can remain resilient, especially for well-maintained and strategically priced properties. Average Sold Price Down 7% to $372,066 On the flip side, the average sold price has decreased by 7%, now at $372,066. This could reflect buyers being more cautious in their purchasing decisions, especially as we enter the slower part of the year. While this might seem like a dip, it’s important to remember that price fluctuations are normal, especially as we approach the end of the year. Price Reductions Down 30% to 452 Homes Price reductions have decreased by 30%, with only 452 homes seeing a price drop this week. This suggests that fewer sellers are adjusting their prices in response to the current market conditions. Sellers who are pricing their homes competitively are likely seeing better results than those trying to push the market too hard. If you're a seller, it’s a good time to talk to a TEAMre agent to ensure your home is priced right for today’s market. Fewer Homes Going Back on the Market – Down 12% The number of homes that are going back on the market has dropped by 12%. This could be a sign that both buyers and sellers are taking more time to make decisions, especially with the holiday season approaching. If a home is coming back on the market, it’s important to look closely at the reasons behind it. A real estate professional from TEAMre can help you navigate these nuances and avoid surprises. Pending Sales Down 36% to 464 Homes Pending sales have seen a substantial decrease of 36%, now sitting at 464 homes. This again points to the typical holiday slowdown, where fewer buyers are actively negotiating deals. It’s not a sign of a long-term downturn, but a temporary dip due to the timing of the year. If you're in the process of buying or selling, patience is key. Average Days on Market Up 2% to 44 Days Finally, the average number of days on market has increased by 2%, now averaging 44 days. Homes are taking a little longer to sell, likely because fewer buyers are active right now. However, it’s not an alarming trend. As the market stabilizes and the holidays pass, we expect the time on market to return to more typical levels. Don’t Worry – Talk to a New Heights KC Agent While these numbers show significant changes, it’s important not to panic. The real estate market is always subject to fluctuations, especially around the holidays. If you’re thinking about buying or selling, or if you have any questions about how these changes might impact your specific situation, don’t hesitate to reach out to one of our experienced agents at New Heights KC. We’re here to guide you through every step of the process, even during the slower months. Check back next week for another update on the Kansas City real estate market! We’ll keep you informed and help you make the best decisions for your real estate goals. KC Market Watch, the weekly publication from New Heights KC, features original content, homeowner tips, updates on local market trends, community events in the Kansas City Metro area, and real estate advice from leading industry experts. Stay in the know and subscribe today! Subscribe to Our Newsletter
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