- Price Trends: While some areas saw a decline, the median price for the broader metro area indicates a stabilization after rapid growth, with Zillow reporting average values around $310,000 and Redfin indicating specific, lower medians for KS at $211K.
- Inventory and Speed: The market is characterized by a tighter supply (approx. 2.3 months) compared to the national average, but homes are taking longer to sell (around 28-49 days) than in 2025.
- Buyer Advantage: Almost 45% of sellers are reducing prices, creating a more favorable environment for buyers than in recent years.
- Rental Market: Rents are high with strong demand, particularly in Kansas City, KS, where rent growth has been significant.
- Popular Areas: Demand remains high for homes in Midtown, South Side, and downtown KC.
- Suburban Growth: Areas surrounding the metro, such as Lake Winnebago, are seeing high-end new construction despite rising development costs.
Outlook:While high interest rates have previously constrained the market, easing rates in the low-6s are expected to improve affordability. The market is shifting from a red-hot seller’s market to a more balanced, “warm” market.
