The local real estate market for Kansas City is on an uphill trend, according to a recent report shared by the Home Builders Association of Greater Kansas City, which has stated the first half of 2013 is off to a strong start for new construction permits compared to the same time frame last year. This year, there have been 1,946 permits issued for single family homes from January-June, which is a 31.6 percent jump from the same time in 2012. Additionally, there were 1,702 planned apartment units–a 229.2 percent jump from last year. The Lenexa movers have learned that this is the best report for builders since 2008, and that the number of apartments planned is the highest since 2001.
Kansas City had the highest amount of single-family permits, thanks to the Northland subdivision. Lenexa had 92 permits, Olathe had 255 and Overland Park had 210. The average sales price of an existing home in June was up 7 percent, and new home sales were up almost 8 percent. Currently, the market is in favor of the seller, with a continually-dwindling supply of available homes available for prospective buyers.