Kansas City Selling Season Capitalizes On Local Housing Crisis Scarcity

Real estate is mostly about profiting from the misery of others. 

Here in Kansas City . . . Draconian energy rules have curtailed most new building. 

And so . . .

Now locals are scrambling for a place to live as prices spike for any available property. 

Check-it:

Zillow, a real-estate marketplace company, said homes in the Kansas City metro sold in an average of four days. The company said that is the fastest pace in the country right now. According to data, Zillow said the average time it takes to sell a house in the U.S. is closer to two weeks.

While new listings are increasing, Zillow said inventory levels remain much lower than before the COVID-19 pandemic.

The lower inventory means home prices remain high. Zillow reports that nearly 33% of homes for sale in the Kansas City metro sold over asking price in February.

Read more via www.TonysKansasCity.com link . . .

Kansas City housing market hottest in US, according to new report

Kansas City has the hottest real estate market in the country, when it comes to home sales, according to Zillow.