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

Highlights from the December data include:

December 2017 average sales price for new & existing homes combined ($229,525) is 7.3% higher than December 2016.

There were 2,765 home sales (new & existing combined) for December 2017 – 5.8% lower than last December 2016 (2,935).

Home inventory (new & existing combined) for December 2017 (6,453) is 17.3% lower compared to December 2016.

The supply of new and existing homes for December 2017 is 2 months representing a home market favoring sellers.