Construction and Housing: Home Sales
Source: Kansas City Regional Association of Realtors
July home sales increased very slightly since June (2754 to 2711).
Source: Kansas City Regional Association of Realtors
The overall home sales price dipped from 181,000 in June to 176,788 in July. Exisiting home sales prices declined nearly $5,000 to $161,508. One year ago the average existing home sales price was $175,003. New home sales prices actually increased by more than $12,000 to $302,676.
Source: Kansas City Regional Association of Realtors
The total housing supply (Total Inventory divided by Sales) decreased very slighly in July to 7.1 months. This would still be considered a "buyers market". Typically a balanced market is considered to be a 5-6 months supply.
