August 2019 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service.

Highlights from the August data include:

August 2019 average sales price for new & existing homes combined ($255,104) is 6.3% higher than August 2018.

There were 4,073 home sales (new & existing combined) for August 2019, 3% lower than last August 2018 (4,200).

Home inventory (new & existing combined) for August 2019 (8,373) is 12.1% lower compared to August 2018.

The supply of new and existing homes for August 2019 is 2.5 months representing a home market favoring sellers.