Kansas City Area Real Estate Stats - September 2019 | Kansas City Homes

Posted by Kansas City Homes on Thursday, October 10th, 2019 at 2:28pm.

Kansas City Metro Area Real Estate Stats - July 19 | Kansas City Homes

Local market updates from Kansas City Regional Association of Realtors (KCRAR) provide a closer look at the current market conditions in the Kansas City metro area. Whether you're a buyer or seller, visit Better Homes and Gardens Real Estate Kansas City Homes' Better Living Blog each month to stay updated on the latest home sale trends.

Monthly Indicator Analysis from Kansas City Regional Association of Realtors (KCRAR)

With the kids back in school and the weather cooling, the housing market begins its annual cooldown as well. Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates and a strong economy. The market fundamentals suggest no significant changes from recent trends, other than the seasonally tempered pace we see this time of year. As we move into the final three months of 2019, buyers will find fewer homes coming on the market, but also less competition for those homes.

In Washington there are discussions around a broad overhaul of the housing finance system, including the re-privatization of Fannie Mae and Freddie Mac and reforms to federal agencies involved with financing substantial portions of the mortgages made every year. Many of these policy conversations and eventual changes will take months or years to be implemented and their impact is not yet clear. While Halloween decorations are beginning to adorn homes around the country, the real estate market this fall is looking far from scary. 

 

Kansas City Metro Area Real Estate Stats - July 19 | Existing Homes

Existing Homes Overview

  • Closed sales increased 0.5% to 3,010
  • Pending sales increased 11% to 3,118
  • Average sale price increased 9.1% to $231,698
  • Median sales price increased 7% to $200,000
  • Percent of original price decreased 0.5% to 95.9%
  • Days on market decreased 5.3% to 36
  • Inventory decreased 13.5% to 6,541
  • Supply decreased 12% to 2.2

 

Kansas City Metro Area Real Estate Stats - July 19 | New Homes

 

New Homes Overview

  • Closed sales increased 3.1% to 264
  • Pending sales increased 4.1% to 281
  • Average sales price increased 1.7% to $409,939
  • Median sales price increased 2.5% to $384,488
  • Percent of original price received decreased 0.8% to 100.6%
  • Days on market increased 4.4% to 141
  • Inventory decreased 6.8% to 1,880
  • Supply increased 1.7% to 6

Report provided by Kansas City Regional Association of REALTORS®. All data from Heartland Multiple Listing Service.

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