Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
According to an article in CNNMoney.com the Kansas City real estate market is 4% overpriced. That is much better than many of the 299 largest real estate markets. Most of the overvalued real estate markets were in Florida or California. Naples, Florida leads the list as the most over valued real estate market at 84%. That means that a $329, 970 single family median-priced home should costs $180,956.
Texas led the list of the most undervalued markets taking 11 of the top most undervalued markets spots.
With Kansas City being so closed to realistic values, there is a less chance of possible price corrections as many of the other top real estate markets may experience this year.
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