Kansas City, MO home prices and housing market

Kansas City values are up nearly 4 percent this year, yet one in five sellers is still cutting price. Here is what that tension means if you are thinking about selling this year. A typical Kansas City home is worth about two hundred seventy-one thousand dollars, up close to 4 percent from a year ago, so the market is still moving in your favor. But the typical asking price is about two hundred eighty-nine thousand dollars, well above that typical value, and that gap is where sellers get into trouble. Nearly one in five listings has taken a price cut, and homes are sitting for about forty seven days before they sell. Here is the turn. There are only about one thousand nine hundred fifty homes for sale, and just 840 new listings came on this month, so buyers do not have much to choose from. That means this is not a weak market. It is a picky one. Price your home at what the market says it is worth and you can still sell in about seven weeks. Aim high and test the market, and you will likely join the one in five cutting later. To see what your home is worth right now, get a free home value estimate at Home Value Pros dot com.