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*Market Update* March 2018

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

Highlights from the March data include:

March 2018 average sales price for new & existing homes combined ($234,293) is 8% higher than March 2017.

There were 3,076 home sales (new & existing combined) for March 2018 – 5.3% lower than last March 2017 (3,247).

Home inventory (new & existing combined) for March 2018 (6,287) is 18.1% lower compared to March 2017.

The supply of new and existing homes for March 2018 is 1.9 months representing a home market favoring sellers.

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