Kansas City Market Update

May 2017 Kansas City Housing Market Report

Kansas City Housing Market Update May 2017

May 2017 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 2017 average sales price for new & existing homes combined ($233,044) is 6.6% higher than May 2016.

There were 4,019 home sales (new & existing combined) for May 2017 – 0.5% Higher than last May (3,999).

Home inventory (new & existing combined) for May 2017 (6,997) is 24.2% lower compared to May 2016.

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

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