You have probably heard that the real estate market is back, that in some areas in Kansas City we are back in a sellers market and that multiple offers are now something you could see on a regular basis. This is a true statement but only in certain areas, not everywhere in Kansas City are homes selling for more then what they are listed for. The real estate market in Kansas City is still up and doing great. Homes sold throughout the Kansas City Metro are up by 10% over 2012. There is a lack of homes on the market in Kansas City right now, but the fact that we are still selling more homes then we did last year is a good sign given the amount of houses available to buy. Average days on market in both Johnson and Jackson County are much lower than in years past. This has to do with proper pricing on homes and also with a lack of inventory. The average buyer does not have as many options to buy and can make quick decisions.
Fall is coming and in previous years the Kansas City market can tend to slow down during the upcoming holiday months. This year we do not see that being the case. With the lack of inventory on the market, we are encouraging sellers to get their homes ready for the market and get them listed as soon as possible. There is still a high demand for real estate but not enough homes to fill the demand. This market will not slow down.