The metropolitan housing market in Kansas City is strengthening, and the recovery has continued well into 2013 with recent data from the Kansas City Regional Association of Realtors. Existing home sales in the region have risen 8 percent from early 2012, and prices are on the rise as well. The Leawood local movers have found that the average sales price is currently at $334,060, which is a six percent increase from last year. There are also currently about 2,400 pending contracts for existing homes, which is 27 percent higher than data from 2012.
There is a dwindling supply of available homes in the area, with realtor statistics showing a 5.5 month supply of existing homes currently available, down from the 7.3 month supply a year ago, and a 5.3 month supply of new homes on the market, down from 2012’s 7.6 months supply last year. The current supply leads industry experts to state that the market is balanced for both sellers and buyers.