Low mortgage rates are helping homebuyers purchase a new home for less money. Although inventory is still low, buyers should have an easier time finding a home in the last few months of the year because there will be less competition. In fact, some of the best days of the year to buy a home are coming up!
Kansas City homebuyer market update
Since it’s still a seller’s market, sale prices are up. But, don’t let that deter you from looking at homes. There are many affordable homes on the market, both new construction and resale. Plus, there are down payment options available. Learn about all the down payment help for the Kansas City area. It’s available to first-time homeowners and some programs also help repeat buyers.
Combine the assistance programs with low mortgage rates and it’s a great time to lower the cost of buying a home. Plus, it’s actually cheaper to close on a home toward the end of the year.
Homes are still not staying on the market very long, and there’s 12-percent fewer of them compared with last year according to the latest data from the Kansas City Association of Realtors. So, set yourself up for new home alerts so you don’t miss home when it comes on the market.
We have lots of custom searches set up for homebuyers too. Here are just a few:
We also have zip code searches set up, so you can search by zip code in Lee’s Summit and learn about the neighborhoods in that area.
Kansas City home builders
There’s still strong demand for new construction with closings up 3-percent year over year. Our team works with several Kansas City area builders. They build custom homes in neighborhoods across the eastern part of Jackson County including Kansas City, Grain Valley, Blue Springs, and Lee’s Summit.
f you’re interested in new construction, we have neighborhoods where you can purchase a lot. We even have some tree-lined properties still available. Or, you can purchase a home mid-construction or one recently completed. You can close on a new construction home in as little as 30-60 days and still put the finishing touches on it.
Here are some of your options right now!
Why you should sell now
For sellers, it’s still a great time to sell. We’ve been saying this for awhile now, but combined with the extra end of the year incentives for buyers it’s a perfect time to list your home for sale. It doesn’t cost anything to talk about your options.
Sellers are getting 96% of list price right now. The Sally Moore Real Estate Team can help you get full asking price by staging your home for free! It sells homes faster and for top dollar! See the transformations our home staging makes in Kansas City homes.
Right now, there’s a 2 month supply of homes in the Kansas City area which is slightly more than this spring. But, the number of homes available for sale is still down year over year.
The average sales price in Jackson County, MO during September was $208,098 which is up about 9-percent from 2018.
In the entire Kansas City area, the average sales price was $246,188.
Wondering what your home will sell for? Our team offers INSTANT and FREE home value reports. Find out what homes are selling for in your neighborhood today!