Kansas City is the 8th Worst Real Estate Market. What does this mean?

Why are real estate investors flooding into Kansas City? The real estate market is flat. How flat? It is one of the worst real estate markets in America. According an article in the Wall Street Journal, the real estate market it tied for 8th place. Here is the data about Kansas City.


Kansas City, MO (Tied for 8th)

> Homeowner vacancy rates: 3.7% (13th)
> Rental vacancy rates: 11% (22nd)
> Total housing units: 883,099
> Unemployment: 8.4%

Kansas City’s rental vacancy rate of 11% is the 22nd highest of any major city in the country, while its homeowner vacancy rate of 3.7% is the 13th highest. The city has a relatively high rate of unemployment, at 8.4%. While it’s below the national average of 9.2%, it is well above the state average of 6.6%. The median home price in the city is down by $19,000, or more than 13%, since 2008. Most of that decline came in the last year. Between the second quarter of 2010 and the first quarter of this year, prices dropped by more than $25,000.

What does this mean for Kansas City home buyers and seller? First, don't let the data confuse you. The data is for the City of Kansas City, Missouri and does not reflect the whole metropolitan area.

Second, with the guidance of a real estate team like the Kansas City Real Estate Network, you can find some great bargains. We're helping home buyers buy some great deals.

Third, if you need to sell determine a great listing price that will attract a flood of buyers and choose a marketing plan that will help reach the maximum number of buyers. Pricing and marketing is very important in this real estate market.

To read the the whole article in the Wall Street Journal, go to: 

Wall Street Journal's 10 Sickest Real Estate Markets


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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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