Are you considering selling your home in Kansas City but unsure if it’s the right time? The current housing market conditions suggest that now could be an opportune moment for sellers. Here’s why:
- Increased Inventory, More Options: Comparing the number of homes for sale now to the same period last year, there’s been a 15.6% increase in inventory. While this indicates a growth in supply, the bigger picture becomes apparent when looking back to 2019, a more typical year. In 2019, there were nearly 40% more homes available compared to today. This presents sellers with more options when looking for their next home, reducing the pressure of finding a suitable property.
- Limited Competition, Faster Sales: Despite the uptick in inventory, the market still favors sellers due to the significant shortfall in available homes compared to 2019. This means that while there are more homes on the market now, competition among sellers remains relatively low. By pricing your home correctly and working with a local real estate professional, you can attract eager buyers and potentially sell your home quickly.
In the Kansas City real estate market, these factors create a favorable environment for sellers. Whether you’re looking to downsize in Overland Park, upgrade in Olathe, or explore other neighborhoods like Spring Hill or Gardner, now could be an ideal time to sell your home and capitalize on these market dynamics.
Bottom Line: If you’re thinking about selling your home in Kansas City, the current market conditions offer a sweet spot for sellers. With increased inventory providing more options and limited competition leading to faster sales, it may be the right time to make your move. Contact me today to discuss how I can help you navigate the Kansas City real estate market and achieve your selling goals.
Author:
Chris Dowell, Dowell Family Team
Berkshire Hathaway HomeServices Alliance Real Estate
About the Author:
With over 30 years of experience, Chris Dowell is a seasoned professional in the Kansas City real estate scene. As a dedicated member of the Dowell Family Team at Berkshire Hathaway HomeServices Alliance Real Estate, Chris has been assisting Kansas Citians in buying, selling, and investing in real estate. Whether you’re looking to make a purchase, sell your property, or explore investment opportunities, Chris is here to guide you through the process.
Contact Chris:
Website: www.DowellFamilyTeam.com
Contact Information: https://solo.to/dowellfamilyteam
