The Kansas City Area Real Estate Market Looks to be Robust for 2016
Have you been wondering how the Real Estate Market ended in 2015 and what the means for buyers and sellers in 2016? Well, the market report from Heartland Multiple Listing System is in and it looks like good news for both buyers and sellers in 2016. Buyers will enjoy continued low interest rates in 2016 with an outlook of slight increases through out the year due to a better employment outlook and an increase in personal income due to factors like lower prices at the gas pump. Sellers will also enjoy 2016 as the inventory is still low making for a more stable market with homes on average selling at 94% or the original listing price (as long as your price was realistic and within average market value for your neighborhood in the beginning).
Watch this video from Heartland Multiple Listing Service and the Kansas City Regional Association of Realtors. If you are on the fence about whether or not 2016 is your year to buy or sell a home and you want more individualized information on your specific neighborhood, city or town don't hesitate to call Kalene Bagwell at 816-616-5408 now because the Spring Market is already heating up and underway. The inventory is flying off the shelves fast especially for Medium price range buyers and sellers. The medium sales price for homes in the general Heartland Mls area was $166,000 in 4th quarter 2015
KCRAR 4th Qtr 2015 Market Stats and 2016 Outlook click this link for the VIDEO PRESENTATION