Greater Kansas City Real Estate Market Update Quarter 1 2023

https://youtu.be/jyYJeDZ9CDU

Kansas City Quarter 1 update Mortgage rates are still moving and started Q1 around the low 6% creating surge is showings and pending offers. New home sales improved and days on market extended giving buyers a little more breathing room to look at homes. Pending and closed sales dropped a little as prices were going up. the inventory levels went up, and at this time last year, the prices this year were up a little over 1%. The inventory is low even though the days on market has gone up just over 30 days. That inventory catching up causes prices to come back to a more normal market. Active buyers are definitely taking advantage of the leveling out of the market and with interest constantly changing up and down, they are not having to compete against dozens of offers and getting homes for fair prices. At the same time, economics 101 will show that if there are still more buyers than homes available, new home owners are still benefiting from higher than normal appreciation. Sellers are still getting 97% of sale price.

Real Estate For Sale 7025 Willow Avenue, Raytown, MO 64133

7025 Willow Avenue, Raytown, MO 64133 L Price: $214,900 MLS#: 2438411 County: Jackson Raytown Area Sub: Loveland's Add Bed: 3 Full Bath: 1 Half Bth: Total SF: 1,294 Yr Blt: 1959 Fireplace: Yes Central Air: Yes Gararage: Yes Ready to move in NOW! Quite a few Updates. semi-private street is a one-way. Maintenance FREE exterior vinyl siding. Newer HVAC system and is a heat pump. BONUS!!! TWO living areas on main floor. Living room offering luxury vinyl plank flooring and big window. Living has 2 walk through to kitchen and dining. Family room off the kitchen/dining area and has vaulted ceiling, ceiling fan, fireplace and walks out to HUGE 16x15 deck. Lots of counter and cabinet space in open kitchen including all the appliances in the house, stainless steel fridge and AIR-FRYER stove. Microwave, dishwasher AND WASHER & DRYER!!!! Why rent? Own a home for what most rents are. Get the country feel and you may even hear a rooster once in a while. Great size driveway and garage plus added concrete along side of home. Seller is providing a home warranty to cover plumbing, electrical, appliances and more for your first year.