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*Market Update* FEB 2018

February 2018 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service.

Highlights from the February data include:

February 2018 average sales price for new & existing homes combined ($217,757) is 3.7% higher than February 2017.

There were 2,179 home sales (new & existing combined) for February 2018 – 5.7% higher than last February 2017 (1,950).

Home inventory (new & existing combined) for February 2018 (5,852) is 21.5% lower compared to February 2017.

The supply of new and existing homes for February 2018 is 1.8 months representing a home market favoring sellers.

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