Cass County, MO Area Real Estate Update September 2020
The Cass County area real estate market is humming right along in September 2020, offering benefits for both Raymore homebuyers and Belton home sellers alike. For Cass County buyers, interest rates are at all-time lows, making Peculiar homes for sale even more affordable! Harrisonville homebuyers can save a significant amount of money over the life of their loan. For Belton, MO sellers and surrounding area, our team is selling homes fast and sometimes for more than the asking price. If you’re thinking about buying a home in Belton or selling a Raymore home, or the surrounding area, act now while the real estate market is in your favor. Let’s review the latest market stats for Cass County, MO from the Kansas City Regional Association of Realtors.
Cass County August 2020 Residential Highlights
The stock markets have been bouncing back and so has our local Cass County housing market. In fact, housing continues continues to lead the way in our economic recovery. In August, showings and pending sales remained very strong levels while housing
inventory remained limited in Cass County. As a result, the competitive market and bidding wars we have seen all summer have continued. Mortgage rates remain near record lows right now, and all signs point to a busy fall housing market here in Cass County, MO.
Local Cass County Real Estate Listing Stats
New listings (169) decreased 53.2% from the 387 listed in August 2019, and decreased from the 174 listed in July 2020. Pending sales (204) increased 37.8% from the 148 offers accepted in August 2019, and decreased from the 222 offers accepted in July 2020. Closed sales (180) decreased 15.1% from the 212 closings in July 2019, and decreased from the 204 closings in July 2020.
Inventory and Time on Market:
Inventory stayed even 1.1 months of supply in August as compared to July 2020. Total market time decreased to 34 days.
Year to Date Summary:
Comparing the first eight months of 2020 to the same period in 2019, Cass County Closed Sales (1,269) decreased 1.1%%, Pending sales (1,465) increased 7.6%
Average and Median Sales Prices:
Comparing 2020 to 2019 through August, the average sale price in CASS County, MO has increased 8.7% to $261,487 from $240,459. In the same comparison, the median sale price has increased 7.0% from $215,000 to $230,000.
Fall Housing Demand Continues in Cass County
As we head into the fall season, we typically see a slowdown in the Cass County, MO housing market when the back-to-school season starts. However, this is not a normal year in Cass County real estate, this is 2020! While we are in an election year, and COVID-19 continues to present challenges to both the financial and housing markets, we continue to see a healthy demand for housing in Cass County. The current low interest rates and low housing inventory levels will continue to drive the housing demand in the area.
Contact Your Local Cass County Real Estate Agent
Contact us today at (816) 695-7352 for the latest market stats for your your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook! CLICK HERE TO GET YOUR HOMES VALUE!