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Updated about 11 years ago on . Most recent reply

User Stats

80
Posts
35
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Rachelle Rayner
  • Investor
  • Rye, NY
35
Votes |
80
Posts

Kansas City, Missouri Buyers

Rachelle Rayner
  • Investor
  • Rye, NY
Posted

I am looking to connect with individuals that are currently buying and selling in Kansas City area. 

What is the best website to rely on for comps?

I would love to hear from anyone in this market.

Thanks!

Most Popular Reply

User Stats

388
Posts
200
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William Robison
  • Real Estate Consultant
  • Kansas City, MO
200
Votes |
388
Posts
William Robison
  • Real Estate Consultant
  • Kansas City, MO
Replied

More sellers than buyers is a typical market case.  Its called inventory.  In most markets, there is what is considered to be a healthy level of inventory.  In Kansas City, less than 4 months of inventory is considered a sellers market.  More than is a buyers market.  This absorption rate is from total actives divided by current sales data.  10000 listings and 2500 sales last month represents a 4 month cycle.  Parts of CA and NYC have very short inventory cycles, but this is not typical.  KC, for 2014, has a very healthy inventory by economic standards.

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