March 2019 KC Real Estate Market Statistics

March 2019 average sales price for new & existing homes combined ($238,762) is 3.1 percent higher than March 2018. There were 2,805 home sales (new & existing combined) for March 2019 - 12.8 percent lower than last March (3,216). Home inventory (new & existing combined) for March 2019 (6,832) is 5.2 percent lower compared to March 2018 (7,210). The supply of new and existing homes for March 2019 is 2.1 months representing a home market favoring sellers. Monthly Indicator Report Local Market Reports

What You Need To Know About Today’s Real Estate Market

The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices! The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates. Interest Rates: “The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most important drivers of home sales. Rising sales demand coupled with more i

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Realty Executives of Kansas City  100 NE Tudor Rd, #100  Lee's Summit, MO  64086  816-246-7500     dymonwood@realtyexecutives.com

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