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Updated over 4 years ago on . Most recent reply
- Residential Real Estate Investor
- Kansas City, MO
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How Much Inventory is there in Your Market?
So, as you all have probably noticed, the market is really, really hot right now. I just checked the inventory for Jackson County, MO (the biggest county in Kansas City, where I'm at) and there is only 0.6 months of inventory in total! There were more sales in March than properties remaining on the market. A "balanced market" is 6 full months of inventory. I've never seen anything like this.
How is it out there for all of you where you're at?
Most Popular Reply
Prices have become prohibitive nearly everywhere in my opinion. We closed a 1031 exchange into your market (KC) in December. I had another property I was planning on doing the same with sometime this year but I may just go into a wait and see mode for a while until the future seems clearer. Are you still buying actively?