It's definitely a seller's market with buyer demand high and inventory low. Below you will find the May 2020 Greater Kansas City Area Residential Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service. Highlights from the May data include:
- May 2020 average sales price for new & existing homes combined ($257,937) is 1.6 percent higher than May 2019.
- There were 3,301 home sales (new & existing combined) for May 2020, which is 23.9 percent lower than last May (4,335).
- Home inventory (new & existing combined) for May 2020 (5,485) is 37.7 percent lower compared to May 2019 (8,806).
- The supply of new and existing homes for May 2020 is currently 1.6 months.
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