According to the March Kansas City Housing Market Report from the Kansas Regional Association of REALTORS and Heartland Multiple Listing Service, home inventory for March was down 16% from March 2012! Other highlights from the data include:
• March 2013 average sales price for new and existing homes combined was 5.7% higher than March 2012.
• There were 2,324 homes sales (new and existing combined) for March 2013 – 8% higher than March 2012.
• Pending sales for new and existing homes combined were only 1% lower for March 2013 vs. March 2012.
• The supply of new and existing homes for March 2013 was 5.3 months; nearly 2 months lower than March 2012. A 5.3 month supply represents the lower end of a balanced market.
For those of you contemplating a move, this might be the right time to sell. I’d be happy to discuss a marketing plan with you – just call me at (913) 980-2434 to schedule a time.
And if you happen to be looking for a home in the Fairway area, check out this great listing! We’ll be holding an open house Sunday (April 28) from 1 to 3 p.m., if you want to swing by and take a look in person … it’s supposed to be sunny and in the 70s by then. Perfect weather for house hunting!