Yesterday on the phone whether the Kansas City real estate market is a buyers or sellers market.
I explained to the prospect that it depends on what part of the city. In some areas the market is s strong sellers market. Sellers are getting multiple offers and are selling their homes very close to list price. Other areas in Kansas City have been hit hard and homes are selling 10% or more below list price.
One of our buyers made and offer substantially below the list price and got their offer accepted. Another buyer has made several offers at or near the asking price and hasn't had a single offer accepted.
On the reverse, we have had some areas where homes sell within 30 days and other areas where homes are taking 150+ days to sell.
The real estate market is different from city to city and in fact subdivision to subdivision.
If you would like and analysis on a subdivision in Kansas City, feel free to request a Free Market Analysis.
Let us know what you think or add to our blog by writing a comment.
I explained to the prospect that it depends on what part of the city. In some areas the market is s strong sellers market. Sellers are getting multiple offers and are selling their homes very close to list price. Other areas in Kansas City have been hit hard and homes are selling 10% or more below list price.
One of our buyers made and offer substantially below the list price and got their offer accepted. Another buyer has made several offers at or near the asking price and hasn't had a single offer accepted.
On the reverse, we have had some areas where homes sell within 30 days and other areas where homes are taking 150+ days to sell.
The real estate market is different from city to city and in fact subdivision to subdivision.
If you would like and analysis on a subdivision in Kansas City, feel free to request a Free Market Analysis.
Let us know what you think or add to our blog by writing a comment.
Blog post written by the Dowell Taggart Team of RE/MAX Best Associates
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