Kansas City Real Estate Market Snapshot

Looking to buy or sell a home in Kansas City? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at 1-800-686-5088 for a FREE home buying or selling consultation to answer any of your real estate questions. 

The National Association of Realtors recently put out a report on the state of the national real estate market. Home sales are up 2.6% since June and 4.3% since last summer nationally. With inventory jumping 2.2%, the nation as a whole is heading toward a balanced market.

As you probably know, real estate is hyper-local; different trends could be going on in different suburbs, school districts, and price ranges. This is what we're seeing here in Clay County:

• Average sale price: up 7.4%
• List-to-sale price: up 1.4%
• Homes for sale: up 3.8%
• Closed sales: up 7.9%
• Inventory: 5.3 months of supply
• Days on market: 89, down 6.9%

You can take a closer look at the numbers here. 

What do these numbers mean for you? For one, we take these numbers into consideration when we try to gauge how much a property is worth in a given market. We can help you make sense of the market in your area in order to determine whether you want to make an aggressive offer if you're buying, or price your home aggressively if you're selling.

The inventory of available homes tells us a lot about the market - in some areas inventory is under 4 months, which is extremely beneficial for sellers. When inventory reaches 8 or more months, the market favors buyers. Conditions are changing all the time, so it's important to stay informed so you can make smart real estate decisions. 

As we get deeper into summer and there are more available homes, buyers are going to get more selective. This means if you are a seller, you need to make your home stand out. A real estate professional can take a look at market conditions and help you price it right, market it aggressively, and make it look its best so you can attract the best buyer - one that will give you the maximum value for your home.

If you have any questions about conditions in your specific area, don't hesitate to reach out to us. We would love to be your Kansas City real estate resource!

Check Out Our Latest Testimonials

Chip Glennon Reviews Frederick Prewitt

How we helped Frederick buy his home by going above and beyond

"We worked with Jim Kennedy from the Chip Glennon Group for 2 transactions, buying and selling, and we just thought he was a real professional. With the buy, the market kind of broke loose and we lost out on some of the houses on our list because we were low-balling them. We found a house that we had to see and didn’t want to miss out on during Memorial Day weekend so I texted Jim and without hesitation, he booked a showing for 1 o’clock the Sunday of Memorial Day weekend. He just went above and beyond multiple times, not the least of which was giving up a part of his holiday weekend to help us find the home we ultimately bought."


Chip Glennon Reviews Jerry Barr
How we helped Jerry with his commercial property needs by working hard and getting the necessary expertise involved

"He is the point man for me on the commercial property and he’s getting it developed with the procedure through the city, engineering, and all things associated with the current markets in commercial property. We’re really making progress and he’s bringing in extra people with the necessary expertise so we don’t make any mistakes, which I appreciate the cautious approach. I think he’s a sharp young man and he works really hard."



Chip Glennon Reviews Stephen Murray
How we helped Stephen buy his home by holding the deal together

"The house I ended up looking at happened to be an acquaintance of mine and Chip was the listing agent. He worked directly with me and the seller and all around just did a great job for us. I think he jumped through some hoops too. We had some bumps in the road as far as wrapping the loan up, but each time we had to push the closing back a week, Chip held the deal together and made it work."



Chip Glennon Reviews Wendy Kelley
How we helped Wendy with her long distance real estate transaction by being very responsive

"They were just fabulous to work with. Our agent Will, was very prompt in returning calls especially since we were here in California and they were in Missouri. He was extremely courteous, professional, and knew the answers. If he didn’t know the answers, he would find out and get back to be in a very timely manner. Their staff was helpful, informative, and we’ve been very happy in working with them!"