New Listings Rise as Summer Comes to a Close

As summer winds down here in the Greater Kansas City area, I’m keeping a close eye on the latest shifts in the U.S. housing market. New home listings are up 1.2%, reaching a three-month high, while pending sales have dipped by 1.3%—their lowest point since March. Even with a slight 0.1% drop in median asking price, we’ve seen a 1.8% annual rise in median sale price, all with higher mortgage rates and ongoing economic uncertainty shaping the landscape. In my work as a Luxury Real Estate Specialist, I find that understanding these subtle movements is key to helping clients navigate their options, whether buying or selling in Johnson County or the broader Kansas City region.