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Historically few homes on the market in KC

Posted: 5:29 PM, Apr 10, 2016
Updated: 2016-04-11 08:53:12-04

The housing market in the Kansas City metro is hot. The number of existing homes on the market is at historic lows, which means it’s a great time to be a seller.

Realtor Keith King, a buyer’s specialist with Keller Williams Platinum Partners, explained finding the right home in the current market can be hard.

“They’re frustrated right now because the supply is just so low,” King said.

Michael Sidebottom ran into that problem, so he decided to build instead of buy an existing home.

“As we got to looking around the existing homes, we found there were very few that had the open floor concept, and that was very important to us,” Sidebottom explained.

According to the Kansas City Regional Association of Realtors, the supply of homes is down nearly 40 percent from last year.

Many times, King said, homes listed for sale sell fast — sometimes even within 24 hours. 

The number of new homes available in the Kansas City market is down this year.

So, for people like Sidebottom who are building their next home, they’re not especially worried about selling their current one.

"It is a relief because you know you’re not going to be sitting on your house trying to sell it, and you’re not concerned it’s going to take six or eight months to sell, so that is a relief,” he said.

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Shannon Halligan can be reached at shannon.halligan@kshb.com.

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