Kansas City Housing Market Update May 2018
May 2018 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service.
Highlights from the May data include:
May 2018 average sales price for new & existing homes combined ($247,255) is 5.9% higher than May 2017.
There were 4,115 home sales (new & existing combined) for May 2018 – 1.1% lower than last May 2017 (4,160).
Home inventory (new & existing combined) for May 2018 (7,206) is 9% lower compared to May 2017.
The supply of new and existing homes for May 2018 is 2.2 months representing a home market favoring sellers.