In Kansas City, it is a buyers market, with many more sellers than buyers. However, the market is beginning to balance with more buyers slowly coming to the state. The average time on the market is between 60 and 90 days, with an average sale price of $175,000. This price is down slightly from last year, between 5 and 10%. Houses over $250,000 are taking even longer to sell and receive between 90 and 95% of their asking price.
The Wichita real estate market is also heavy with sellers. It is not as competitive as Kansas City and houses are only on the market between 30 and 60 days. There is a good supply of houses in every price range, and all ranges are getting close to 95% of the asking price. The average price is $171,000, which is up between 2 and 3% from one year ago.