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Market Snapshot: May 2024
Monthly Recap
– Kansas City Association of Realtors
U.S. existing-home sales fell for the second month in a row, sliding 1.9% month-over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and accelerating home prices continue to weigh on demand, pushing some prospective buyers to the sidelines and causing market activity to slump ahead of summer. Closed Sales increased 3.3 percent for existing homes but decreased 6.7 percent for new homes. Pending Sales increased 0.4 percent for existing homes and 5.0 percent for new homes.
Inventory increased 18.4 percent for existing homes but decreased 15.5 percent for new homes. The Median Sales Price was up 4.2 percent to $299,000 for existing homes and 1.4 percent to $525,000 for new homes. Days on Market increased 4.2 percent for existing homes but decreased 0.7 percent for new homes. Supply increased 28.6 percent for existing homes but increased 10.0 percent for new homes. Home prices have continued to climb nationwide, despite an uptick in inventory this year.
Nationally, the median existing-home price reached $407,600 as of last measure, a 5.7% increase from the same period last year and a record high for the month, according to NAR. Meanwhile, total inventory heading into May stood at 1.21 million units, a 9% increase month-overmonth and a 16.3% increase year-over-year, for a 3.5 month’s supply at the current sales pace.
Find more Market Stats HERE!
Market Snapshot | April 2024
Monthly Recap
– Kansas City Association of Realtors
U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7% in recent weeks, while the median existing-home sales price hit $393,500 as of last measure, a 4.8% increase from the previous month, according to NAR.
Closed Sales increased 11.0 percent for existing homes but decreased 5.7 percent for new homes. Pending Sales increased 3.6 percent for existing homes but decreased 2.7 percent for new homes. Inventory increased 14.9 percent for existing homes but decreased 17.6 percent for new homes. The Median Sales Price was up 10.2 percent to $292,000 for existing homes and 2.3 percent to $539,446 for new homes. Days on Market increased 3.4 percent for existing homes and 38.1 percent for new homes. Supply increased 25.0 percent for existing homes but increased 12.7 percent for new homes.
Warmer temperatures appear to have helped bring some sellers back to the market, providing additional options to home shoppers during the spring buying season. Total inventory was up 4.7% month-over-month and 14.4% year-over-year, for a 3.2 months’ supply at the current sales pace, according to NAR. Nevertheless, demand continues to outpace supply and properties are selling quickly, with the typical home spending 33 days on market nationwide, down from 38 days the month before.
Find more Market Stats HERE!
Market Snapshot | January 2024
Monthly Recap
– Kansas City Association of Realtors
Market Snapshot | December 2023
Monthly Recap
– Kansas City Association of Realtors
Market Snapshot | November 2023
Monthly Recap
– Kansas City Association of Realtors
Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over-month and 14.6% year-over-year as of the last measure, as prospective buyers, faced with rising homeownership costs, wait for mortgage rates and home prices to drop. Closed sales decreased 8.9 percent for existing homes and 14.9 percent for new homes.
Pending sales decreased 0.7 percent for existing homes but increased 34.4 percent for new homes. Inventory decreased 5.2 percent for existing homes and 12.8 percent for new homes. The median sales price was up 7.9 percent to $277,250 for existing homes and 0.5 percent to $537,538 for new homes. Days on market increased 7.7 percent for existing homes and 57.1 percent for new homes. Supply increased 21.4 percent for existing homes but increased 4.8 percent for new homes. Inventory remains at historically low levels nationwide, with only 1.15 million homes for sale heading into November, a 5.7% decline compared to the same time last year, for a 3.6 months’ supply at the current sales pace. The shortage of available properties for sale has kept pressure on home prices, which have continued to climb despite the slowdown in sales. According to NAR, the U.S. median existing-home sales price increased 3.4% from a year ago to $391,800, an all-time high for the month, with annual price gains reported in all four regions of the country.
Agent Spotlight: Janel Carbajo
In the world of real estate, finding a professional with a rich tapestry of talents and a heart devoted to community is a treasure. Today, we introduce you to Janel Carbajo, a remarkable Realtor at Kansas City Homes, whose vibrant spirit and dedication to education continue to shape her journey in the industry. Let’s dive into a conversation to explore Janel’s diverse passions, her family ties, and her unique contributions to both real estate and the community.
Are you a Kansas City Native?
No, I hail from Overbrook, KS.
How long have you been with Kansas City Homes?
I have been with the company and in real estate for 5.5 years.
Tell us about any special talents or skills you have:
I enjoy singing in The Festival Choir in Spring Hill and the praise band at my church. I also play the piano.
Have you won any awards?
I am in the Ford Hall of Fans.
What is something people at work don’t know about you?
I hold softball pitching records at Kansas State University for most innings pitched and most
strikeouts.
What is one tip you’d give new agents?
Don’t be afraid to ask questions!
Do you have any nicknames?
“Puppet Lady.”
What is your favorite thing about KCH?
The education and support!
Do you have any kids? A spouse? Pets? Tell us about them!
My husband Tom and I retired from teaching 5 years ago from the Spring Hill district but we are both substituting now on a daily basis in the Olathe district and absolutely love it! Tom retired as a technology teacher and I was a business teacher. We both also coached numerous sports throughout the years. We have 3 children and they all work in the special ed department at Olathe West HS. Kelsey is a resource room teacher, Macy a CBR teacher and Kaden is a para in the CBR room. Our daughters coach cross country and their girls team just won the State Meet for the fourth time in a row! They also coach track together. Kelsey is going to help with the girls wrestling program this year and Macy coaches the girls JV Basketball team.
What’s your favorite hidden gem in KC?
Union Station during the NFL draft and our celebratory parades!
What’s your favorite KC restaurant?
The Jazz is wonderful.
What’s your favorite KC neighborhood?
Overland Park stands out as my favorite.
Are you involved in the community? Tell us about something you’re passionate about.
I enjoy keeping score at the wrestling meets and basketball games whenever I get a chance. I also enjoy supporting students who are involved in extra curricular activities. Creating relationships with young people is very rewarding.
Tell us about any of your hobbies:
I like to read mysteries and golf.
What’s something you think makes you stand out?
I have been a Chiefs season ticket holder for 36 years and people tend to recognize me because of my Puppets. Because I have been on TV for many years with my Chiefs puppet and the opposing team puppet duking it out at every home Chiefs game. I am in the Pro Football Ford Hall of Fans because the wonderful people of KC voted for me.
Image from KMBC
Is there anything else you’d like to share about yourself?
Teaching has always been my passion and now as I assist home buyers, real estate has become my new passion! I am still educating home buyers and hopefully still making a difference!
In Janel Carbajo, you find more than just a Realtor; you discover a vibrant soul deeply rooted in community, education, and a fervent love for Kansas City. Her dedication to her clients is matched only by her unwavering commitment to supporting students and fostering relationships. If you’re seeking a Realtor whose enthusiasm, passion, and knowledge elevate your real estate journey, reach out to Janel at janelc@kansascityhomes.com, give her a call at (913) 219-4735, or visit her website https://janelcarbajo.kansascityhomes.com. With Janel, expect not just exceptional service, but an experience filled with warmth, expertise, and genuine care for your real estate needs.
Read more articles about our Kansas City Homes agents HERE!
Featured Image from the Sedalia Democrat Publication
Team Spotlight: The Price/Curry Team
In the world of real estate, there are teams, and then there’s the Price/Curry Team – a powerhouse of experience, friendship, and unwavering commitment to clients. Today, we introduce you to the team members and delve into their remarkable journey in the industry through the eyes of their team lead, Missy Price.
Team Members:
Missy Price
Kim Curry
Norma Gaston
Richard Manes
Cobey Cooper
How long have you been a team?
Missy Price and Kim Curry co-founded the team in 1998, marking the beginning of a remarkable journey in real estate.
How long have you been a team with KCH?
Our partnership with Kansas City Homes dates back to their inception—since the beginning of time!
How did you become a team?
Their journey as a team began when Norma Gaston, our broker at the time, saw the synergy between myself and Kim. We initially covered for each other during vacations and scheduling conflicts, and Norma suggested we create a team. That decision was made 25 years ago, and the rest is history!
What exciting things do you do as a team? / Tell us about your team building.
The Price Curry team isn’t just about business; we’re a close-knit group of friends. They’re always there for each other, both at work and outside of it. From planning happy hours to pickle games and assisting each other in various aspects of life, their bond goes beyond the workplace.
What do you like the most about KCH?
We feel that KCH is ahead of the game in the Real Estate industry. Christian continues to carry on David Coopers legacy of being the BEST of the BEST. Education, Marketing, Management and of course the Agents in our company are what makes Kansas City Homes the only company to work for.
What makes your team stand out?
The longevity of our sets us apart. With 25 years as a team, we showcase our dedication to the real estate industry. We take pride in their reputation, ensuring that other agents trust and enjoy working with us. A significant portion of our business comes from past customers and referrals. We have seen a lot of teams come and go and we feel like the Price Curry Team has withstood the test of time.
Is your team involved in the community at all?
While we are enthusiastic supporters of community outreach projects sponsored by our office and company, individually, we also champion various community interests individually.
**Is there anything else you’d like to share?**
We feel very fortunate to be apart of the BHG family. We have seen many changes with our industry during our careers and we feel like BHG is THE BEST OF THE BEST.
Contact the members of the Price/Curry Team at pricecurry@kansascityhomes.com or by visiting https://missyprice.kansascityhomes.com/.
Check out other Agent Spotlights HERE on our blog!
Agent Spotlight: Paige Scheetz
In the realm of real estate, experience, authenticity, and excellent communication skills are invaluable. Today, we introduce you to Paige Scheetz, a remarkable real estate professional at Kansas City Homes. Let’s dive into a Q&A session to learn more about Paige’s journey, her unique approach, and her dedication to her clients.
Are you a Kansas City Native?
No, I was born and raised in Odessa, Missouri.
How long have you been with Kansas City Homes?
From the beginning!
How long have you been in the real estate industry?
I’ve been in the industry for 24 years.
Tell us about any special talents or skills you have:
I’m a good communicator. I really enjoy meeting my clients and hearing their stories.
Have you won any awards?
I’ve won the PAIGE award and several sales volume awards!
What is something people at work don’t know about you?
I’m a pretty open book. I think everyone knows everything about me. If you have questions, come ask!
What is one tip you’d give new agents?
Patience and be authentically YOU
What is your favorite thing about KCH?
My favorite thing about Kansas City Homes is the great support system! Training, marketing, technology, GREAT brokers and ownership. Wwe are lucky to have all of these things and more.
Do you have any kids? A spouse? Pets? Tell us about them!
I’ve been married to Bill for 40 years this month. We have 2 kids, 3 grandkids and we no longer have pets. We loved having them but are enjoying the spontaneity of not having them for the time being. We are celebrating our 40th in a few weeks by taking our family on a cruise….can’t wait!
What’s your favorite hidden gem in KC?
The Truman Library!
What’s your favorite KC restaurant?
Garozzo’s!
What’s your favorite KC neighborhood?
No personal favorites but KC is blessed with GREAT ones!
Are you involved in the community? Tell us about something you’re passionate about.
We are active with our parish at Twelve Apostles in Platte City, Mo. That involved some volunteering with Hillcrest Ministries as well. When our children were in school we were very involved volunteering with the district.
Tell us about any of your hobbies:
I enjoy traveling and reading.
What’s something you think makes you stand out?
I want my buyers and sellers to know and feel that I am working for them 100%.
In Paige Scheetz, you discover a seasoned real estate professional with a heart for exceptional communication and a commitment to her clients that shines through. With 24 years of experience, Paige’s expertise is matched only by her authentic approach. If you’re seeking a Realtor who truly listens, understands your unique story, and works tirelessly on your behalf, Paige is the one to call. Contact her at pscheetz@kansascityhomes.com, give her a ring at (816) 223-6551 or visit http://paigescheetz.kansascityhomes.com for an unparalleled real estate journey.
Check out other Agent Spotlights HERE on our blog!
Agent Spotlight: Mary Hutchison
In the world of real estate, a personal touch and a genuine connection with clients can make all the difference. Today, we introduce you to Mary Hutchison, one of our exceptional real estate agents at Kansas City Homes, out of our State Line office. Let’s dive into a Q&A session to get to know Mary better and discover what makes her stand out in the industry.
Are you a Kansas City Native?
No, I’m from St. Louis, Missouri.
How long have you been with Kansas City Homes?
I’ve been with Kansas City Homes since they transitioned to BHG.
How long have you been in the real estate industry?
My journey in the real estate industry began in 2003, giving me two decades of experience.
Tell us about any special talents or skills you have:
Beyond real estate, I’m a pretty good baker! I also thoroughly enjoy engaging in stimulating one-on-one conversations.
Have you won any awards?
Yes, I’ve received several sales awards from BHG, recognizing my dedication and accomplishments in real estate.
What is something people at work don’t know about you?
I think most people at work know this, but I used to be a rock radio DJ, adding an interesting layer to my background.
What is one tip you’d give new agents?
Be prepared to put in a lot of hours with no pay initially.
What is your favorite thing about KCH?
Well it’s the people of course! Most everyone is incredibly helpful and cheerful, enjoys their job and will give advice when asked. I also appreciate all the learning opportunities, even if I don’t always use them. Plus, I take pride in working for a woman-owned business. Christian is very good at communicating with the agents.
Do you have any kids? A spouse? Pets? Tell us about them!
I have two wonderful daughters—one is married and lives in Birmingham, England, with her British husband. My other daughter resides in Fayetteville, Arkansas. I’m also married to my retired husband. However, we don’t have any pets.
What’s your favorite hidden gem in KC?
While not exactly a hidden gem, I love driving by the Nelson-Atkins Art Gallery at dusk along Rockhill Road.
What’s your favorite KC restaurant?
It depends on what I’m in the mood for! I like Waldo Pizza, Plate, Jack Stack. This is an unfair question!
What’s your favorite KC neighborhood?
Brookside is my favorite neighborhood, and it’s also where I live.
Are you involved in the community? Tell us about something you’re passionate about.
I’m passionate about supporting locally-owned businesses. Additionally, I volunteer at KCUR radio and have been doing so for many years. I truly enjoy my job, even the challenges, as I learn something every time. Many of my clients have become friends, which is a real bonus.
Tell us about any of your hobbies:
My hobbies include baking, reading, engaging in current events discussions with friends, and traveling to see my daughters. I also love having friends over for dinner and going to happy hour with friends for lively conversations.
What’s something you think makes you stand out?
I like to listen to music on the radio while working, though I’m not sure if that bothers anyone at the office! I take great care of my clients, always going the extra mile for them. It’s incredibly rewarding to see their new homes a few months after they move in, especially those first-time buyers who are taking their first step into the market—it’s an exciting journey for them and for me when they find the right one!
Is there anything else you’d like to share about yourself?
I make a point to appreciate every day, even on those “bad” days. I don’t sweat the small stuff because I feel incredibly fortunate to have a loving family, a cozy home, great coworkers, and the joy of living in Kansas City. To me, every day is a gift!
Mary Hutchison embodies the spirit of a Realtor who not only excels in her profession but also brings warmth, creativity, and a genuine passion for connecting with people. Her love for baking and meaningful conversations, along with her dedication to her clients, make her a truly exceptional asset to the real estate world. With a wealth of experience and a heart full of gratitude for life’s simple pleasures, Mary is the perfect partner for your real estate journey. Reach out to her at mary.hutchison@kansascityhomes.com, call (816) 510-1262, or visit https://maryhutchison.kansascityhomes.com/ to experience her unwavering commitment to your real estate dreams.
Check out other Agent Spotlights HERE on our blog!
Agent Spotlight: Sergio Candelas
When it comes to real estate, finding an agent who understands your unique needs and brings a touch of creativity to the table can make all the difference. Today, we introduce you to Sergio Candelas, one of our talented real estate agents at Kansas City Homes. Let’s dive into a Q&A session to learn more about Sergio’s background and his passion for the real estate world.
Are you a Kansas City Native?
No, I’m originally from New York.
How long have you been with Kansas City Homes?
I’ve had the pleasure of being part of the Kansas City Homes family for three years now.
How long have you been in the real estate industry?
I embarked on my journey in the real estate industry about 3.5 years ago.
Tell us about any special talents or skills you have:
I bring a diverse set of skills to the table. Not only am I bilingual, but I also come from a musical and performing arts background. I can play the saxophone and have dabbled in podcasting and voice-over work.
What is something people don’t know about you?
I’m a huge movie buff and a collector of pop culture art and collectible statues. I have quite an extensive collection. I also have a legitimate 1990’s themed arcade in my basement.
What is one tip you’d give new agents?
Own it and talk to as many people as you can. This is your business and understand that it’s a numbers game. You are now the resident real estate professional within your circle.
Do you have any nicknames?
Some people call me “Serge.”
What is your favorite thing about Kansas City Homes?
The training and development that KCH offers is unparalleled. The resources, technology and support they provide are first class.
Do you have any kids? A spouse? Pets? Tell us about them!
I have two kids, Jasmine (21 years old) and Cristian (20 months old). My spouse, Nancy, and I have been together for 21 years. We are dog lovers and have four Yorkshire Terriers. We made the move to KC from NYC eight years ago and have loved everything about Midwest living. Jasmine works as a tech in the ER at Saint Luke’s East in Lee’s Summit and is working towards becoming a nurse. Nancy is an assistant branch manager for a local bank, Blue Ridge Bank and Trust Co. Cristian is busy learning words, phrases and playing with his friends at daycare.
What’s your favorite hidden gem in KC?
If you’re a pizza lover – Providence Pizza in Grandview.
What’s your favorite KC restaurant?
Q39 is my go-to favorite KC restaurant.
What’s your favorite KC neighborhood?
Lee’s Summit is my favorite neighborhood.
Tell us about any of your hobbies:
I have a diverse set of hobbies, including watching movies, collecting comics, statues, and figures, and working on my lawn.
What’s something you think makes you stand out?
My kindness, honesty, and outgoing personality are among the qualities that make me stand out the most. I’m very outgoing, personable and incredibly easy to get along with.
Sergio Candelas isn’t just a real estate agent; he’s a versatile professional with a creative edge and a commitment to providing top-notch service. If you’re looking for a Realtor who speaks your language, both literally and figuratively, Sergio is the agent to connect with. Reach out to him at scandelas@kansascityhomes.com, call (917) 647-3260, or visit https://sergiocandelas.kansascityhomes.com/. Your real estate journey just got more exciting!
Find more Agent Spotlights on our People page here: https://kansascityhomes.com/better-living-blog-3/people
