Let's Tackle Your Biggest Home Selling Questions.
Hey, Lee's Summit neighbors! If you've been toying with the idea of selling your home but find yourself stuck with a bunch of "what-ifs," you're not alone. Many people hesitate to make a move because of unanswered questions—and, let's be real, many myths.
But don't worry! We're here to clear up the confusion and drop some truth bombs to help you make the best decision for YOU. Ready? Let's break it down.
1. Is Now Even a Good Time To Sell in Lee's Summit?
Short answer? Yes! Here's why:
You've probably heard that mortgage rates are higher these days. But you might not realize how much your home's value has skyrocketed.
Think about your neighborhood. Have you seen homes selling for jaw-dropping prices recently? It's not just your imagination. According to the National Association of Realtors (NAR), the average homeowner has gained about $147,000 in equity over the past five years. That's some serious homegrown wealth!
And guess what? That equity could be your golden ticket to a bigger home, a smaller one, or even your dream place by the lake—without breaking the bank on a new mortgage.
2. Will There Be Homes Available for Me to Buy?
If you've been stressing that there won't be any homes to choose from, it's time for some good news: inventory is up and only improving.
According to Realtor.com, nationally, there are about 25% more homes on the market than this time last year. Experts predict another 10–15% boost in inventory throughout the year.
Do these stats hold in Lee's Summit? Not quite. It could be the election in November, the wild ride our beloved KC football team took us on the last few months, and our crazy winter, but as of *right now* there are NOT more homes on the market in Lee's Summit now than last year this time (Jan. 1 - Feb. 17, 2024 vs Jan 1. - Feb 17, 2025). However, my conversations with local buyers and sellers indicate a SLEW of homes about to hit the market. So, I believe experts are correct about the 10-15 % boost in inventory this year, and I expect spring to be a fun and busy home selling and buying season.
So, while the market isn't quite at those pre-pandemic "easy pickings" levels, there will be more options than we've seen in a long time. And if you work with a local pro (hi, that's us!), we'll help you snag a home you'll love, hopefully without the chaos of bidding wars.
3. Are Buyers Still Out There, or Is the Market Slow?
Oh, buyers are definitely out there. I meet them weekly!
Let's do a little math magic:
Even in a slower market last year, 4.24 million homes were sold (just existing homes, not new builds). Breaking that down:
- 11,616 homes sold per day
- 484 homes sold per hour
- 8 homes sold per minute
Think about that: In the time it took you to read this, another eight homes were snapped up! Buyers are still on the hunt, and they're looking for homes just like yours.
So, What's the Bottom Line for Lee's Summit Sellers?
You've got equity. You've got a growing inventory to choose from. And you've got motivated buyers out there searching right now.
The only thing missing? Your home on the market.
So, if you're ready to get real answers about your home's value or want to explore what's out there for your next move, let's chat! Our team at Great Missouri Homes knows Lee's Summit inside and out, and we're here to guide you every step of the way. ???? Call or text us at 816-328-2887 or drop us a message through the form below.
Hi! I'm Merla Turner, owner of Great Missouri Homes and a local Kansas City area Realtor. I am passionate about all things Lee's Summit—this beloved city is where my family and I do life! Thank you for reading this article. If you have any questions, suggestions, or ideas, call me at 816-328-2887 or fill out the contact form below. And remember - when it's your turn to buy or sell real estate in Lee's Summit, turn to Merla Turner!
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