It is no wonder that Kansas City inventory is at an all time low. The housing market is pressed to less than a 2 month supply. Leaving buyers with less and less inventory to choose from. While, Sellers are finding this the prime opportunity to sell.
The ever demanding supply of rental properties continues to also rise. Kansas City is an affordable market yielding higher cashflow for investors. Alpine Kansas City focuses on investment portfolio real-estate. With appreciation and upward trending rental rates, the housing outlook for 2018 continues on the upward slope.
Kansas City, Mo., experienced the sharpest home-price appreciation in 2017 on a one-year percentage basis, according to data from the Housing News Report released by real-estate data firm Attom Data Solutions. Home prices there rose 13.4% over 2016 levels, edging out the 13.3% growth posted by San Jose.
The migration of talent and jobs from high-cost housing markets to more reasonably priced housing markets is resulting in accelerating home price appreciation in those reasonably priced markets, many of which historically have posted slow-and- steady appreciation. Among metro areas with at least 1 million people, those with the strongest home price appreciation in 2017 were Kansas City, San Jose and Nashville – all of which posted annual home price appreciation of 13 percent.
|Cities with the most home price growth in 2017|
|Metropolitan area||1-year home price appreciation||5-year home price appreciation||2017 median home price|
|Kansas City, Mo.||13.4%||36.6%||$172,098|
|San Jose-Sunnyvale-Santa Clara, Calif.||13.3%||81.1%||$960,000|
|Las Vegas-Henderson-Paradise, Nev.||12.3%||100.0%||$230,000|
|Salt Lake City, Utah||10.9%||56.5%||$264,000|
|Tampa-St. Petersburg-Clearwater, Fla.||10.7%||80.0%||$180,000|
Source Realty Trac