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

Highlights from the January data include:

January 2020 average sales price for new & existing homes combined ($241,632) is 2.9% higher than January 2019.

There were 2,093 home sales (new & existing combined) for January 2020, 3.8% higher than last January 2019 (2,017).

Home inventory (new & existing combined) for January 2020 (6,261) is 22.2% lower compared to January 2019.

The supply of new and existing homes for January 2020 is 1.9 months representing a home market favoring sellers.