According to Time magazine, Kansas City is one of the top 10 real estate markets in the country for buyers to consider. And it's easy to understand why when you look at recent performance statistics. Among other things, Kansas City's population has grown by 0.73 percent year over year. Kansas City has been named one of the top 10 real estate markets for buyers to consider.
Looking at recent Kansas City real estate market performance statistics, it's easy to understand why. Now that we've clarified that, let's take a quick look at the real estate market in Kansas City. Marck de Lautour, of SBD Housing Solutions, is not surprised that institutional investors are here in Kansas City. Read on to find out what time of year will give you the most options and the biggest savings when buying a home in Kansas.
Kansas City, Missouri (nicknamed “KC” for short) is the state's largest city and spans the state lines of Missouri and Kansas. If you look at a map of Kansas City, you'll notice that Kansas City belongs to both Missouri and Kansas, and the border directly crosses it. A low supply of home inventory may also be helping to boost demand for single-family rentals in Kansas City, as recently reported by the Kansas City Regional Association of Realtors (KCRAR). Zillow reports that house prices in the U.S.
The US has risen 9.1% in the past 12 months, and in Kansas City, MO that gain is even greater, at 12.8% (however, many sections of KC are closer to the national average). This time we like to divide the city even further, into three separate areas, called The Northland, East Kansas City and South Kansas City. And while no one tracks that percentage in Kansas City, buyers and real estate agents will confirm that investment buying is strong in Kansas City. Not to be confused with its neighboring sister city in Missouri, Kansas City, Kansas offers big-city frills with a small-town feel and proximity to major urban amenities in Kansas City, MO.
Nestled where the Missouri and Kansas Rivers meet, KC is known for its jazz music, professional sports teams and delicious Kansas City-style barbecue. With a strong economy, a high quality of life, and a booming housing market, knowing how to time the market in Kansas can save you enough money to pay for a second home.