Checking The Pulse Of The Kansas City Real Estate Market
I thought it would be interesting to see which Kansas City metro cities are currently seeing the best sales rates. If we went strictly by gross number of sales, the largest cities would of course dominate the rankings. Instead, I wanted to see how many months of inventory was present in each city. In other words, I’ve compared the past 30 days sales rate against the current number of homes on the market. I wrote down the largest 20 cities that came to mind and after running the numbers here’s the hottest real estate markets in Kansas City…
#1. Prairie Village, 5.1 months of inventory #2. Olathe, 6.8 months of inventory#3 (tie). Overland Park, 7.4 months of inventory #3 (tie). Lenexa, 7.4 months of inventory #5. Shawnee, 7.6 months of inventory #6. Raymore, 8.6 months of inventory #7. Lee’s summit, 9.8 months of inventory #8. Liberty, 9.8 months of inventory #9 (tie). Kansas City, 10.4 months of inventory
#9 (tie). Leawood, 10.4 months of inventory
Prairie Village and it’s charm came in with a solid 5.1 months of inventory and that’s as close to a stable market as you’ll see today. Johnson County had the most cities in the top 10, easily outpacing other surrounding Kansas City metro area counties.
Posted by Jason A. Brown