Despite a notable housing boom in the Kansas City area, one thing has remained glaringly slow in the midst of the hot market—condos are not feeling the love like apartments and single family homes. While some cities have condos flying off the MLS in record speeds, Kansas City is simply not one of those markets. No new condo projects are planned as of now, and realtors and owners are struggling to sell existing inventory. But why? Well, the local industry insiders attribute this trend to the fact that buying a condo is less appealing in this region to buying a single family home. The Kansas City movers know that densely developed urban areas like Chicago, Miami, and New York are well known for condo developments and high-rises as a preferred residence. Here, however, traditional homes are still relatively inexpensive.

A few years ago, a small condo boom hit Kansas City in areas like Country Club Plaza and downtown. Following the market crash, the impact was less than major metro cities, but the level that condos tanked at that point still lives vividly in the memories of local potential buyers. Condo buyers also face larger down payments due to the historically high foreclosure rate of these types of purchases. This unfortunately also helps perpetuate the cycle, as it makes it more difficult for existing owners to unload property.