Good news for homeowners who have been underwater on their mortgages since the housing crisis: average sales prices are up for both new and existing homes in the Kansas City area. The average sales price of a new home in the area was $363,499 last month, 6 percent above May 2013, and the average existing home price was $183,121, 3 percent above a year ago, according to the Kansas City Regional Association of Realtors.

But the prices aren’t the only thing proving that Kansas City is a seller’s market lately—the inventory in the area has dipped again, making available homes even harder for prospective buyers to snag. There were 2,863 existing homes sold last month, 1 percent ahead of last year. Sales of new homes were up 1 percent too, with 272 sold. The inventory of existing homes dipped to 11,465 in May, down 3 percent from a year ago. A flurry of new Kansas City home construction, however, increased that supply to 1,337, 32 percent more than May 2013.

Current supply shows there is about a 5.3 month worth of inventory available for interested buyers in the Kansas City area in terms of existing homes, and new