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*Market Update* May 2018

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

Highlights from the May data include:

May 2018 average sales price for new & existing homes combined ($247,255) is 5.9% higher than May 2017.

There were 4,115 home sales (new & existing combined) for May 2018 – 1.1% lower than last May 2017 (4,160).

Home inventory (new & existing combined) for May 2018 (7,206) is 9% lower compared to May 2017.

The supply of new and existing homes for May 2018 is 2.2 months representing a home market favoring sellers.

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