Aug
02

KC Market Snapshot

It’s hard to believe it’s August already! It’s been a busy summer so far and a busy time for the real estate market. This past week I received a report on the Kansas City Real Estate Market from Cunningham Appraisal LLC on the first half of 2013.

As you have either experienced firsthand or likely heard in the media, Kansas City is experiencing renewed market conditions. According to this report, the average sale price increased 7.7% compared with the first half of 2012. Additionally, residential total sales levels (new and existing homes) represent a 6.6% increase from the first half of 2012. The monthly supply of homes at 4.7 months represents a buyer’s market for combined new and existing homes.

Reece and Nichols Kansas City

While traditionally the market begins to slow down a bit this time of year with people taking end-of-summer vacations and families getting ready for back-to-school season, we are still seeing activity on the buying and selling side. According to Heartland MLS, inventory was down 10% in June 2013 over June 2012. So, if you’re in an area that is high-demand and low-inventory, this could still be a good time to consider listing if you know you want to move in the near future. If you have questions about the market in your neighborhood, I would be happy to help – just give me a call!

css.php

 Data last updated: 06/24/2021, 3:36:45 AM

 

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). © 2021, Heartland Multiple Listing Service, Inc. Heartland MLS and Reece Nichols Overland Park do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service, Inc. database compilation. The properties displayed on this website may not be all of the properties in the Heartland Multiple Listing Service, Inc. database compilation, or all of the properties listed with other brokers participating in the Heartland Multiple Listing Service, Inc. IDX program. Detailed information about the properties displayed on this website includes the name of the listing company. Data last updated 06/24/2021.

 


Any personal information that you may share with us is kept absolutely private. Neither your name nor anything about you is sold or shared with any other company or agency. Occasionally, we may contact you to make you aware of our services, upcoming products or specials. However, we do respect your right to privacy and will not send notices if you contact us and ask us not to.