Kansas City area real estate market showing signs of cooling
KANSAS CITY, Mo. — There is still much more demand than supply in the real estate market around Kansas City, Missouri, but Tony Conant, president of the Kansas City Regional Association of Realtors, believes the market is showing signs of cooling.
Conant prefaces it by explaining the market is still very hot, but homes are now lasting days on the market, when earlier in the year it was hours.
He’s also seen fewer bidders on new listings. Possibly a sign of buyer fatigue – when buyers are tired of competing for new listings.
“There are some, as we mentioned earlier, that have just gotten frustrated with the process,” Conant pointed out. “After you lose eight or 10 [bids, you start to think], ‘Maybe now is not the right time.’ I would tell you, buyers, that are out there who’ve been frustrated before, maybe take another look.”
He says the market will remain hot because…