July 2018 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service.

Highlights from the July data include:

July 2018 average sales price for new & existing homes combined ($242,691) is 6.3% higher than July 2017.

There were 4,029 home sales (new & existing combined) for July 2018 5.3% higher than last July 2017 (3,828).

Home inventory (new & existing combined) for July 2018 (8,328) is 5.3% lower compared to July 2017.

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