The supply & demand economics of local housing are still very simple and when evictions pick up again, there will be more places for buyers to chose . . .
However, here's a recap of the damage so far . . .
According to data from Heartland MLS, the database used by all licensed realtors in Kansas City, the average home price for the metro area jumped 17.6 percent from $250,000 in 2020 to $294,009 in 2021.
The rising home prices in Johnson County are even more steep. In 2020, the average cost of a home was $357,000, and in 2021 it’s $425,000, an increase of 18.8 percent.
Moreover . . .
TKC congratulates all of the suckers new home owners who bought at the top of the market and now will live with regret that COVID bread can't cure.
Read more . . .
Experts see hope on horizon for rising cost of housing
OVERLAND PARK, KS (KCTV) - The housing market across the country remains a hot seller's market with sky-high home prices and more prospective buyers than there are available homes. In the Kansas City metro, it's been a seller's market for a few years but things really intensified in 2020.
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