"Sellers held the upper hand in Kansas City in February. List prices jumped 8.1% year-over-year while the rest of the country saw prices fall - and homes sold nearly three weeks faster than the national pace."
"Active listings rose 13.7% year-over-year to 1,343 homes, and 700 new listings entered in February alone, far outpacing the national new-listing growth of just 2.4%."
"The median list price hit $258,950 in February - up 8.1% year-over-year - while the national median actually dropped 2.1%. Only 12.6% of listings took a price cut, well below the national rate of 15.5%."
"Kansas City homes sold in a median of 59 days last February, a dramatic 20.7% drop from a year ago. Nationally, that number climbed to 70 days."
In February, Kansas City's real estate market favored sellers, with list prices rising 8.1% year-over-year while the national trend saw declines. Active listings increased by 13.7%, but strong buyer demand ensured homes sold quickly, averaging 59 days on the market. The median list price reached $258,950, contrasting with a national drop of 2.1%. Only 12.6% of listings experienced price cuts, indicating sellers' confidence. The market dynamics reflect a balance of growing inventory and sustained demand, making decisive action essential for buyers and sellers alike.
Read at SFGATE
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