Predicted strong housing market for Kansas City metro.

The housing market in Kansas City is well set on track to recovering from the fall backs caused by COVID-19, according to some local realtors.

Kansas City’s market, according to local realtor Gary Kerley, is still a seller’s market. In an interview with KSHB, Kerley, a Realtor with RE/MAX Heritage, said that on Monday, 150 homes hit the market in the Kansas City metro, providing about two months of inventory.

Although the rates tend to fluctuate daily, Kerley says it’s a good time to sell. “It’s a really good time to sell because inventory is so low, so buyers don’t have as many options,” he said. “Even though they’re (interest rates) going up and down, even when they’re up, they’re historically low.”

While it may still be too soon to tell, several relators including Kerley don’t expect COVID-19 to cause the housing market to crash.

According to the Market Recovery Index from Realtor.com, both housing demand and home prices are above January’s pre-COVID levels, and housing supply and overall sales “are now following a recovery trajectory,” according to the report mentioned in Forbes.

“Homebuyer interest recovered quickly post COVID-19 and remains high despite the weaker economic environment, as low mortgage rates, virtual tools and lock-down lifts have enabled many buyers to continue the home search process, albeit often with adaptations,” Javier Vivas with Realtor.com said.