"In December, Kansas City experienced a remarkable increase in active listings, with the count rising by 15.6% year-over-year to 1,588 homes. This surge outpaced the national inventory rise of 12.1%, showcasing Kansas City as a standout market. Despite a 7.3% decrease in newly listed homes from the previous year, totaling 434 new listings, the overall rise in active inventory suggested a dynamic environment ripe with possibilities for eager buyers."
"The median listing price in Kansas City reached $259,750 in December, marking a modest yet promising year-over-year increase of 1.3%. This stood in positive contrast to the national trend, where median listing prices fell by 0.6%. Additionally, the city saw a higher share of price reductions at 15.7%, up by 2.8 percentage points from the previous year, signaling sellers' readiness to meet buyers halfway and create attractive deals in the evolving market."
"Homes in Kansas City spent an average of 63 days on the market in December, a decrease of 3.1% compared to the previous year. This indicated that, despite the increase in inventory, homes were moving slightly faster than the previous December. Nationally, homes lingered on the market for a longer median of 73 days, with an increase of 5% year-over-year, underscoring Kansas City's appealing pace relative to the broader market."
Kansas City saw active listings rise 15.6% year-over-year to 1,588 homes in December, outpacing the national inventory increase of 12.1%. Newly listed homes fell 7.3% to 434, yet total inventory growth created more buyer choices. The median listing price reached $259,750, up 1.3% year-over-year, contrasting with a 0.6% national decline. Price reductions increased to 15.7%, up 2.8 percentage points, indicating sellers' willingness to negotiate. Homes averaged 63 days on market, down 3.1% year-over-year, compared with a 73-day national median, illustrating a relatively faster market pace in Kansas City.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]