August 2017 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service.

Highlights from the August data include:

August 2017 average sales price for new & existing homes combined ($227,121) is 2.4% higher than August 2016.

There were 3,632 home sales (new & existing combined) for August 2017 – 2.8% lower than last August (3,735).

Home inventory (new & existing combined) for August 2017 (7,437) is 22.3% lower compared to August 2016.

The supply of new and existing homes for August 2017 is 2.3 months representing a home market favoring sellers.