Over the recent years, home prices in Kansas city have risen dramatically. Data from the Kansas City Regional Association of Realtors indicates that average home prices have increased about 4.6% over the last year, with the average days that a home is on the market dropping by 4.8%. The average price of a home in Kansas City in November of 2018 was $219,315, but it rose to $229,306 this November 2019. Source
Kansas City homes are becoming less common and more expensive, with most people resorting to putting in offers for a home that go over the asking price; anything to sweeten the deal. As the Kansas City Metro area expands, homes in desirable neighborhoods will become more and more difficult to get ahold of.
"Realtors across the Kansas City metro area say that kind of story is increasingly common as high demand and low inventory drive up both prices and speed of home sales here." - Kevin Hardy and Allison Kite, The Kansas City Star
Homes in the Kansas City Metro are selling higher and faster. Is it time to put your home on the market?
Article Source: The Kansas City Star