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

Highlights from the October data include:

October 2017 average sales price for new & existing homes combined ($228,700) is 6.1% higher than October 2016.

There were 3,056 home sales (new & existing combined) for October 2017 – .6% lower than last October 2016 (3,075).

Home inventory (new & existing combined) for October 2017 (7,665) is 16.9% lower compared to October 2016.

The supply of new and existing homes for October 2017 is 2.4 months representing a home market favoring sellers.