Kansas City Star Report On Housing Condition

From today’s Kansas City Star: KC faces housing surplus

It’s worth your time to make the jump to see a market report based on numbers. The most interesting paragraph in the article is this;

Overall, the Realtors reported that it was still a buyer’s market for new homes in greater Kansas City, with a 8.8-month supply available at the current sales pace. The market for existing homes was more balanced with 5.8-month supply at the current sales pace. The inventory-to-monthly sales ratios for new and existing homes were at their lowest levels since August.

Folks, we’ve been spoiled. A 5.8 month supply of homes has always been considered balanced. We are back to the future. Price your home realistically and let your real estate agent do his or her job…assuming you picked the right one.

1 Comment

Filed under Kansas City Real Estate

One response to “Kansas City Star Report On Housing Condition

  1. Unknown's avatar jeff Brown

    Chris – would you PLEASE put it in high gear? Geez. 🙂

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