Area Housing Market Expected to Shine in ’22

It’s been a good year for home sales in Kansas City, but relative to the rest of the Top 100 markets in the U.S., the Kansas City region was nowhere near the hottest of housing markets.

That could change quickly, Realtor.com says in its 2022 forecast: It projects Kansas City to rank in the Top 10 markets nationwide, with 11 percent growth in sales. And prices, the forecast says, will be up 4.7 percent for the coming year. 

That projection is substantially higher than what the rest of the country can expect, the analysis said.

“At a national level, this means we expect to see continued home sales growth in 2022 of 6.6 percent, which will mean 16-year highs for sales nationwide and in many metro areas,” Reator.com said. “With more than 45 million Millennials in the prime first-time home buying ages of 26 to 35 in 2022, demand for housing is expected to remain strong.”

Other factors contributing to that: A growing economy and declining unemployment.

The site assessed prospects in the 100 biggest MSAs, drawing on housing-market and economic data to build its forecast.

READ MORE: Realtor.com 2022 Housing Forecast