The Kansas City Regional Association of Realtors recently released the June 2013 Kansas City Metro residential real estate market numbers. Here are a few highlights:
1. Average existing home sale price was $184,739, 7% higher than June 2012.
2. All metro counties experienced an increase in average sale price EXCEPT Johnson County, Kansas and Cass County, Missouri.
3. The number of existing homes sold was 2,719, a 10% increase over 1 year earlier.
4. Existing home inventory was 8 percent lower than in June 2012, representing a 5.7 months supply, which is considered a balanced market by the National Association of Realtors.
We hope you find this local Kansas City Metro market snapshot interesting and helpful, please contact us if you would like to explore numbers more specific to your neighborhood or neighborhood of interest--we love talking the market in KC!