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

Highlights from the November data include:

November 2017 average sales price for new & existing homes combined ($230,105) is 8.5% higher than November 2016.

There were 3,001 home sales (new & existing combined) for November 2017 – 5.9% higher than last November 2016 (2,833).

Home inventory (new & existing combined) for November 2017 (7,256) is 17.7% lower compared to November 2016.

The supply of new and existing homes for November 2017 is 2.2 months representing a home market favoring sellers.