THE INDEXKC- PAOLA LOUISBURG AND SPRINGHILL MARKET UPDATE

1/17/2023

Weekly Market Update

Homes listed in Paola, Kuoisburg, and Springhill fell week over week, in the face of decreasing buyer demand fueled by interest rates that dropped from 6.5% to 6%.

Days on market continue to rise, see the graph below for details.

Homes marketed effectively are still selling quickly, howver, the slower market is challenging those agents who don’t put in the extra effort (read as professional photogrpahs, open houses, etc,) to properly market Sellers’ homes.

Finallly, the lower inventory levels and higher days on market are combining to deliver solid sales price to list price ratios for sellers. Sellers you’ve got hope!.

If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!