Market still great. Interest rates around the 6% range. Any drop in rates could cause a frenzy so buyers should buy now. Frenzy's could drive prices up in multiple offer situations. Inventory is still catching up and now we are up to around 60 days on market. There is still a shortage of homes so prices are still increasing slightly, however 60 days on market has sellers getting 96-97% of sale price so buyers aren't having to compete or overbid on every home. If a home is priced right, it will sell faster and can have multiple offers. It is a market great for both buyers and sellers. Overpriced listings won't sell if they are too far overpriced.
Your Real Estate Blog site for Greater Kansas City Area including Blue Springs, Lee's Summit, Independence, Southland, Northland and Kansas area properties.
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