Home Listings See Further Decline in April

New-home listings in the Kansas City area fell 45.2 percent year over year in April, and the active-listing market fell 23.4 percent, according to Realtor.com data.

The new-home listing drop was slightly higher than the national average, which came in at a 44.1-percent decrease.

However, the drop in listings did not dramatically impact housing prices in the Kansas City area, where median listing prices rose 5.4 percent, hitting $340,000.

“Just how significantly the housing market is impacted by the pandemic will depend on how effective the country is at containing the virus and how the economy responds,” said Danielle Hale, chief economist at Realtor.com. “If all goes well, we could see buyers returning to the market aggressively this summer to make up for the spring they lost.”