03/26/2024
It was a frigid morning in Nodaway County where we just closed on my latest land listing today. I took these icy pictures before pulling the signs down. Well, I left the 170 ST / STATE HWY FF signs in place...
BUYER NEED: I have buyers looking for 80+ Acres within a 30 minute drive to Fort Leavenworth. We are grateful for any connections!
Quick Market Update:
Heartland MLS ended February 2024 at 1.7 months of inventory (seller's market) compared to 1.6 months in February 2023. NOTE: a seller’s market is defined as less than 3 months of inventory, a balanced market is 3-6 months of inventory, and a buyer’s market is when inventory levels exceed 6 months. The market will generally experience greater appreciation the lower this number is and can depreciate if there is too much inventory.
FHFA Top 100 rankings for Q4 were published at the end of February, and the Kansas City Market still remains at #29 on the FHFA HPI® Top 100 Metro Area Rankings with 8.9% YoY appreciation!
There are many different sub-markets that behave differently than the overall market in the area. Just as the Kansas City market is different from other markets in the US. I believe the data sets I provide in these general updates are the highest-level answer to the question, "How is the Kansas City market doing?" If you have questions about various sub-markets (by county, price range, number of bedrooms, county, land vs single family vs multi-family, etc), please contact me at 816-832-6462 if you are interested in the data supporting answers to those questions.