THE INDEXKC- WYANDOTTE COUNTY KANSAS MARKET UPDATE

3/7/2023

Weekly Market Update

Average sales value trended below list values running hand in hand with rising mortgage rates. Here’s how it works; rising mortgage rates force monthly payment higher, leaving consumers to purchase at a lower price to keep the monthly payment the same. Days on market in Wyandotte County shortened to match the average days of the rest of the metro.

Pending sales exceeded homes sold, meaning the market is strengthening, rather than weakening.

And crazier still is the increase in multiple offers driven by strong buyer demand in the face of higher mortgage rates.

Pro Tip….Wyandotte County has remained affordable when the rest of the market went to the moon with housing values….This is a great place to find your dream home at a discount.

If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers! Click the button below and let’s get you the information you need to be successful!