February 2020 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service.

Highlights from the February data include:

February 2020 average sales price for new & existing homes combined ($238,062) is 5% higher than February 2019.

There were 2,270 home sales (new & existing combined) for February 2020, 3.8% higher than last February 2019 (2,186).

Home inventory (new & existing combined) for February 2020 (6,128) is 20.9% lower compared to February 2019.

The supply of new and existing homes for February 2020 is 1.8 months representing a home market favoring sellers.