"In November, home prices fell moderately from the month before, with a median listing price of $269,000. The number of listings on the market shrank 3.1% from last month, which is a bigger decrease than normal for this time of the year in Kansas City, and homes are also selling close to the same pace as the same time last year."
"Typically, home price per square foot in Kansas City tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.5% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Heart of America are smaller the national market."
Median listing price in Kansas City was $269,000 in November, reflecting a moderate monthly decline. Listings on the market fell 3.1% from the prior month, a larger-than-normal seasonal decrease, while active inventory totaled 1,717 homes, up 12.8% year-over-year. Price per square foot in Kansas City decreased 0.5% month-over-month, compared with a 1.2% national decline, indicating smaller local price shifts. New listings numbered 644, down 13.2% month-over-month and up 1.9% year-over-year. Homes spent an average of 55 days on the market, two days longer than both the previous month and the prior year, versus 64 days nationally.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]