Moody’s economy.com predicts that prices in the Kansas City market will bottom out in Q1 2010. The total average sales price drop will be about 5.1%. Of course some parts of the Metro will fare better (or worse) than others.

What is interesting is that today the Kansas City Regional Association of Realtors reported that the average price of an existing home fell over 21%; Quite a difference from what economy.com is predicting.  Numbers were down across the board.

Again, your area of the metro may be better or worse. Don’t rely on a market snapshot that covers such a broad area. If you really want to know what is going on in your neighborhood, call me for a FREE detailed market analysis targeted to your specific area. If you are selling, we can come up with a marketing plan for your home. If you are looking to buy, we can shop for a new home knowing exactly what a home is worth in the area you want to live. Reece and Nichols provides agents with cutting edge market analysis tools most other companies cannot offer.

Call me to get started!

-- Comments