Kansas City Metro Housing Market Update for 12/14 to 12/20/2020
The past 7 Days market activity for Johnson County KS and Jackson County MO “Single Family” Properties showed that Sellers are continuing to put their homes on the market even during the Holiday Month. It also shows us that Buyers remain out and about and writing Offers for homes. The increase ⬆️ of new listings for Johnson County as compared to the previous week (261 vs 215). Especially this close to the Holidays. ❤ Love that homes are being put on the market at this time of year as I anticipate that the winter months will be a great time for selling a home.
The continuation of homes being listed is crucial going into the New Year. Why? Because at the end of November the supply of homes for sale, for both new construction and existing homes, was 53% lower as compared to the same time period last year. Low inventory combined with low interest rates is makes for the continuation of rising home prices. Many “wanna be” buyers may get out priced for the market even though rates remain low. So more listings, means more competition for Sellers on price and more choices for buyers. That’s really a good thing in my opinion .
For another week, I do not see a slowdown in the market coming upon us during the holidays and going into the winter months. Low inventory ⬇️ combined with low interest rates ⬇️ makes for a great time to sell in the Kansas City Metro. I am here to help you navigate this market and make sure you feel confident when buying or selling.
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