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Updated over 10 years ago on . Most recent reply
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Kansas City, Missouri Buyers
I am looking to connect with individuals that are currently buying and selling in Kansas City area.
What is the best website to rely on for comps?
I would love to hear from anyone in this market.
Thanks!
Most Popular Reply
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More sellers than buyers is a typical market case. Its called inventory. In most markets, there is what is considered to be a healthy level of inventory. In Kansas City, less than 4 months of inventory is considered a sellers market. More than is a buyers market. This absorption rate is from total actives divided by current sales data. 10000 listings and 2500 sales last month represents a 4 month cycle. Parts of CA and NYC have very short inventory cycles, but this is not typical. KC, for 2014, has a very healthy inventory by economic standards.