To catch a rising trend…
Trend watching isn’t about futurism predicting. With real estate we watch trends to observe and better understand what’s already happening, the major and the minor, the mainstream and the fringe. The first quarter market trends are out (by zip code) and justify what we felt and observed from January through March… the market is changing to a more balanced or even a seller’s market in some cases.
As we enter the closing of the 2nd quarter, we know that activity has at least sustained, if not surpassed the 1st quarter. The numbers for April indicate that the number of Closed Sales are up 9% from April 2011 while the number of Pending Contracts is up 13% year-to-date as compared to last year. The good news for the Kansas City real estate market is that prices are firming up as a result. The Average Sales Price is up 8% over April 2011.
There are many ways we are helping buyers and sellers in this changing market. If you are thinking about selling your home, we would love to be a resource and make sure you thoroughly understand the current market conditions that will impact your success.