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Local Housing Market Continues to Gain Momentum

This year is poised to be an ideal time to sell property in the Kansas City area, and as media sources and industry professionals can attest the market in Kansas City is going to continue to improve. Prices are stabilizing and inventory levels are dropping–both signs that the market is regaining steam as a viable real estate market for selling and a place that is appealing in the eyes of future residents and businesses.

At the end of last year, the market was beginning to gain significant momentum, and the average sales price of an existing home at the end of December was 15 percent higher than December 2011 while new home sales were 16 percent higher.

The Gladstone movers have also found that sellers in the region are likely to garner about 86 percent of the asking prices they are listing their homes for, with some sellers getting 96 or 97 percent of asking prices recovered.

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