Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!
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Market Trends
August 2022 Market Update
Below you will find a link to the August 2022 Local Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service. Highlights from the August data include:
- August 2022 average sales price for new and existing homes combined ($342,046) is 11.5% higher than August 2021.
- There were 3,890 home sales (new and existing combined) for August 2022, which is 14.5% lower than last August (4,551).
- Home inventory (new and existing combined) for August 2022 (5,371) is 0.1% higher compared to August 2021 (5,366).
- The supply of new and existing homes for August 2022 is currently 1.5 months.
KCRAR’s Local Market Updates provide a closer look at the current market conditions within specific counties in the region. Click the link below for access to all the reports in the region, including individual one-page county reports. KCRAR.com/stats
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