Bash & Co. Sotheby’s International Realty: A snapshot of the first quarter real estate market in Kansas City

Bash helps us make sense of our local housing market.

In the first quarter of 2022, we continued to see action at an unprecedented velocity in the area covered by the Heartland MLS – this includes 34 counties across the KC Metro.

According to the Kansas City Regional Association of Realtors, despite higher sales prices and higher interest rates, we saw a high demand for homes persist across the United States – with numbers nearly doubling nationally. This increase rounded out an astounding 120 consecutive months of escalating prices year-over-year. Conversely, increasing prices and lower inventory have caused pending and existing home sales to fall in recent months.