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Market Stats Greater KC area Fast Stats – October 2024 Market Highlights Kansas City Metro Area October 24′ vs October 23′ Home sales are ↗️ 7.0% to 3,119 closed sales. Home prices are ↗️ 3.5% to $356,254 average sales price. Home inventory ↗️ 7.0%  to 7,418 total homes available. Home monthly supplies are ↗️ 8.7% to 2.5 months supply. Average days on the market are […]
Market Stats Quarterly Skinny – Q3 2024 Market Highlights Kansas City Metro Area Q3 24′ vs Q3 23′ Pending Sales ⏫ 3.2% Closed Sales ⏫ 0.3% Available Homes for Sale ⏫ 6.8% Average Sales Prices ⏫ 4.7% Percent of Original List Price Received🔻to 98.0% Month’s Supply of Inventory ⏫ to 2.5 months If you have more questions about this information, feel free […]
Market Stats Greater KC area Fast Stats – September 2024 Market Highlights Kansas City Metro Area September 24′ vs September 23′ Home sales are ↘️ 4.9% to 2,843 closed sales. Home prices are ↗️ 7.7% to $365,051 average sales price. Home inventory ↗️ 6.8%  to 7,321 total homes available. Home monthly supplies are ↗️ 8.7% to 2.5 months supply. Average days on the market are […]
Market Stats Secrets To Selling Your House Quickly Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today. According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below): A recent post from Realtor.com notes a similar trend: “During the week […]
Market Stats Buy Now, or Wait? Sources: Bankrate, NAR, CoreLogic Some Highlights If you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to […]
Market Stats Mortgage Rates Drop to Lowest Level in over a Year and a Half Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s […]
Market Stats Checklist for Getting Your House Ready To Sell Some Highlights Getting your house ready to sell? Here’s a few tips on what you may want to do to prepare. Focus on making it inviting, showing it’s cared for, and boosting your curb appeal. If you want specific advice to help your house stand out in your local market, connect with a real estate professional.​ This […]
Market Stats Greater KC area Fast Stats – August 2024 Market Highlights Kansas City Metro Area August 24′ vs August 23′ Home sales are ↘️ 2.0% to 3,460 closed sales. Home prices are ↗️ 2.8% to $362,222 average sales price. Home inventory ↗️ 10.1%  to 7,050 total homes available. Home monthly supplies are ↗️ 14.3% to 2.4 months supply. Average days on market are ↗️ […]
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Market Stats Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage. That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score, and bank statements, to […]
Market Stats The Number One Mistake Sellers Are Making: Overpricing Their House In today’s housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest. Data from Realtor.com shows the number of homeowners realizing this […]
Market Stats How Mortgage Rate Changes Impact Your Homebuying Power If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know. What’s Happening with Mortgage Rates? Mortgage rates have been […]
Market Stats Is Affordability Starting To Improve? Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “Housing affordability is improving ever […]
Market Stats Greater KC area Fast Stats – July 2024 Market Highlights Kansas City Metro Area July 24′ vs July 23′ Home sales are ↗️ 4.9% to 3,539 closed sales. Home prices are ↗️ 4.3% to $368,166 average sales price. Home inventory ↗️ 7.8%  to 6,590 total homes available. Home monthly supplies are ↗️ 10.0% to 2.2 months supply. Average days on market are ↘️ […]
Real Estate Mortgage Rates Down a Full Percent from Recent High Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish. Mortgage […]
Market Stats 3 Reasons Why We’re Not Headed for a Housing Crash **Sources: NAR, Census, ATTOM, Bankrate** Some Highlights Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time. Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash. Inventory data shows there just aren’t enough […]
Real Estate The Biggest Mistakes Sellers Are Making Right Now The housing market is going through a transition. Higher mortgage rates are causing more moderate buyer activity at the same time the supply of homes for sale is growing. And if you aren’t working with an agent, you may not realize that. Here’s the downside. If you’re not informed, you can’t adjust your strategy or expectations to today’s market. And […]
Real Estate When You Need a Written Buyer’s Agency Agreement Things consumers should know after 8/17/24.:  If you are a buyer and your agent is using an MLS, you will need to sign a written agreement with your agent before touring a home so you understand exactly what services will be provided, and for how much. Written agreements are required for both in-person and live […]
Market Stats The Biggest Mistakes Homebuyers Are Making Right Now Some Highlights Want to know the biggest mistakes homebuyers are making today? They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Connect with a real estate agent to make sure you have a pro on your side who can help you avoid […]
Market Stats Greater KC area Fast Stats – June 2024 Market Highlights Kansas City Metro Area June 24′ vs June 23′ Home sales are ↘️ 13.1% to 3,472 closed sales. Home prices are ↗️ 4.2% to $382,567 average sales price. Home inventory ↗️ 5.0%  to 6,305 total homes available. Home monthly supplies are ↗️ 10.5% to 2.1 months supply. Average days on market are ↗️ […]
Market Stats The Price of Perfection: Don’t Wait for the Perfect Home In life, patience is a virtue – but in the world of homebuying, waiting too long in hopes of finding the perfect home actually isn’t wise. That’s because the pursuit of perfection comes at a cost. And in this case, that cost may be delaying your dream of homeownership. As Bankrate explains: “One of the most common first-time homebuyer […]

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