Kansas City’s housing market is making its way to the top — according to Zillow’s “Hottest Real Estate Markets of 2023.”
The housing marketplace ranked the City of Fountains No. 7 with data primarily supporting increased interest in the Midwest + Southeast regions. Markets made the list based on factors such as price growth + inventory — let’s break that down.
Price growth
Buyers should expect a much different experience than a year ago. Listings’ time on the market is much lower in Kansas City than most of the rest of the U.S., although homes are still taking longer to sell than last year.
Inventory
According to the Kansas City Regional Association of Realtors, the total inventory in the Greater Kansas City Area was up 31.6% in December 2022.
Must-know
“Home shoppers who can overcome affordability hurdles will find a more comfortable market this year...even if they’re shopping in one of the hottest markets,” said Anushna Prakash, economic data analyst at Zillow.
