"Nearly half of Kansas City metro home sellers cut their asking prices in the week ending Nov. 29, 2025, as the market navigates a delicate balance between rising inventory and slowing buyer activity. The 45.2% price reduction rate coincides with active listings climbing to 4,723 homes while weekly absorption dropped to 511 properties. The surge in price adjustments reflects sellers' recognition of shifting market dynamics."
"The median list price held relatively steady at $359,485, up 0.5% from $357,530 last year. At $183.3 per square foot, Kansas City homes remain more affordable than the national average of $209.92 per square foot, though pricier than Missouri's statewide median of $165.51. Among active listings with price reductions, the median decrease magnitude provides insight into seller flexibility. Meanwhile, only 2.3% of listings increased their asking prices, and 8.1% of properties were relisted after previous market exposure."
A 45.2% price-reduction rate occurred in the week ending Nov. 29, 2025, with active listings rising to 4,723 and weekly absorption falling to 511. Inventory increased 8.9% from 4,334 homes a year earlier while absorbed listings declined 11% from 574, producing 2.3 months of supply. Median days on market lengthened to 63 days, up from 56 a year earlier, a 12.5% increase. The median list price was $359,485, up 0.5% year over year, and price per square foot was $183.30, below the national $209.92 and above Missouri's $165.51.
Read at www.housingwire.com
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