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What You Need to Know About Our Market
June 16, 2020 at 3:39pm | Meagan Kang
Ours is a hot market with very low inventory. What else is in store?
As most of us are aware, Missouri has entered Phase 2 of the Recovery Plan and will fully reopen. This has attracted a lot of the sellers who had been gearing up to list back in March. That being said, we’re likely in for a very imbalanced market, where
demand outpaces supply. Today I’m joined once again by Drew to provide another update for the Kansas City real estate market and discuss some of these things in greater detail. Drew and I cover the roughly 5% to 8% bump in home prices, the source of our
inventory woes, and how to navigate multiple offers.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to skip to topics that interest you most:
1:05 — To what degree, if at all, has the KC market returned to normal summer conditions?
2:42 — What are some of the factors contributing to KC’s lack of inventory?
4:10 — Are housing prices starting to rise?
5:27 — How do multiple offers affect both buyers and sellers?
7:50 — Wrapping things up
As always, reach out by phone or email if you have any questions about what was discussed in this video or the market in general. One of my favorite things to do is have in-depth conversations with buyers and sellers like the ones I have with Drew. If you want to know about how the current market will factor into your plans, I’m always here to provide that insight.