Construction and Housing: Home Sales
Source: Kansas City Regional Association of Realtors
The overall average home sales price rose in November to $160,898 ($323,146 for new and $147,386 for existing). Overall prices are up by $5,000 from one year ago.
Source: Kansas City Regional Association of Realtors
There were 1,702 home sales in November (1,566 existing and 136 new). It is typical for home sales to drop in the fall and winter months.
Source: Kansas City Regional Association of Realtors
The region had 13,769 homes for sale in November (12,505 exisiting and 1,264 new).
Source: Kansas City Regional Association of Realtors
The supply is calculated by taking the inventory and dividing that by the 12 months sales average. So on average, one could expect a home to be on the market for 7.3 months (9.1 for new and 7.1 for existing). This is still indicative of a buyers market, but this is the lowest supply level since February 2010. A lower housing supply figure could indicate that the housing market is heating up.
