"In May, home prices rose substantially from the month before, with a median listing price of $281,250. The number of listings on the market grew 7.4%, which is a bigger increase than normal for this time of the year in Kansas City, and homes are also selling slower than at the same time last year. Home prices in Kansas City Typically, home price per square foot in Kansas City tend to rise in May."
"And the most recent data shows that the price per square foot increased by 1.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 0.5%, which means price changes in the Heart of America are outpacing the national market. Kansas City inventory In May, there were 1,289 homes for sale in Kansas City, which was 7.4% more than the month before and 18.9% more than the same time last year."
May median listing price in Kansas City rose to $281,250, with price per square foot up 1.3% month-over-month. Listings on the market increased 7.4% from the previous month and 18.9% year-over-year, with 1,289 active homes for sale. New listings numbered 920, down 3.8% month-over-month but up 6.2% year-over-year. Nationally, price per square foot rose 0.5% and active inventory increased 8.0% to 1,036,101. Homes in Kansas City averaged 48 days on market, two days longer than the prior month and six days longer than the same month last year; the national average was 51 days.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]