Selling Homes in Lee’s Summit, MO
As one of the more popular suburbs of Kansas City, Lee’s Summit offers beautiful neighborhoods, appealing parks, and plenty of shopping and entertainment. For those who call Lee’s Summit home, there are plenty of things to enjoy about living in the community. Yet most homeowners will come to a point when they need to sell their home. Sometimes it’s due to a major move. Sometimes it’s simply because the home no longer meets their needs. Regardless of the reason, if you are ready to sell your Lee’s Summit home, you may find yourself asking when is the best time to sell. Here is a closer look at the answer to that question.
When to Sell a Home in Lee’s Summit, Missouri
The best time to sell a home in Lee’s Summit has less to do with the month and more to do with the current real estate trends. Some will try to tell you that the best time to sell a home is in the spring. There is some truth to this, as spring is the season when more people are in the market looking for a property to buy. It’s also easier to sell a home when there is no snow on the ground, which happens during Lee’s Summit’s winters. The truth is that timing a home sale depends more on the current market trends than it does on what the weather is doing or what season it is.
The current market in Lee’s Summit is described as “very hot.” The average home value is $242,800, which was an increase of 11.3 percent over the previous year. Expected increases in the coming year are in the 6.2 percent range.
The market is also a healthy one for investors. People are drawn to Lee’s Summit, and as a result, the average rent is higher than the Kansas City Metro area as a whole.
Lee’s Summit’s real estate market also benefits from a low number of distressed properties. This means that homes for sale have less low-price competition. As a result, the average list price in the spring of 2019 was close to $400,000. Homes were selling in around 70 days, which was an 18 percent increase over the prior year.
So, what does this mean to those who are looking to sell a home? It means that now is a good time to list a home for sale. The market favors sellers, and that means higher prices and somewhat faster sales.
Sell a Home in Lee’s Summit, Missouri Quickly
Even in a hot market, selling a home takes time and can be expensive. Paying commissions, preparing the home for the sales process, and ensuring that you find the right buyer involves stress and hassle. One way to avoid that stress is to sell to HomeGo. HomeGo gives Lee’s Summit, MO home sellers an option to avoid the stress of listing and selling their homes conventionally. Learn how easy it is to sell your home with HomeGo today!