August 2018 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 2018 average sales price for new & existing homes combined ($239,647) is 6.5% higher than August 2017.

There were 4,075 home sales (new & existing combined) for August 2018 4.9% higher than last August 2017 (3,886).

Home inventory (new & existing combined) for August 2018 (8,667) is 1.3% lower compared to August 2017.

The supply of new and existing homes for August 2018 is 2.5 months representing a home market favoring sellers.