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January HousingTrends

Existing-Home Sales Soar 5.6 Percent in November to Strongest Pace in Over a Decade

WASHINGTON (December 20, 2017) – Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years, according to the National Association of Realtors®. All major regions except for the West saw a significant hike in sales activity last month Read more 

The U.S. Metros with the best – and Most Miserable – Commutes
What was the most epic, death-defying commute of all time? Lewis and Clark traversing the western United States? Moses and his people crossing the Red Sea? Noah and the Ark? Or was it you last Thursday-sucking down highway fumes in a soul-crushing, bumper-to-bumper expedition to arrive at work on time?.Read more

 

Out With the Old:  The 10 Tired Interior Design Trends You Need to Ditch in 2018
We’ve chatted with experts from coast to coast to come up with the top 10 we’ll be happy to bid farewell in the new year.  Read more


Do These 12 Things to Boost Your Chances of a Great Sale.Before you put your house on the market, make sure you haven’t forgotten any key steps.  Read More


National housing indicators

Existing home sales (Nov)

5.81 millions units*

Existing home median price (Nov)

$248,000

Housing Starts(Nov)

1.297 millions units*

New home sales(Nov)

0.685 millions units*

National economic indicators

Home ownership

3nd Quarter 2017

63.9%

2st Quarter 2017

63.7%

The homeownership rate of 63.9 percent was not statistically different from the rates in the third quarter 2016 (63.5 percent) or the second quarter 2017 (63.7 percent).

New home sales

October 2017

+6.2%

November 2017

+17.5%

Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 estimate of 579,000.

Availalbe

All listings sold


Just Sold 

8409 E 111th Tr, KCMO – Rented
8500 E 111th Tr, KCMO – Rented

16711 Bradley Ave, Belton







Pending
 

2216 N 82nd Tr, KCK  


Regional markets 

MO – Columbia Area
MO – Kansas City Region

MO – Springfield Region
MO – St. Louis Region




Local Board Statistics

The number of homes for sale, days on market and months of supply were all down in year-over-year comparisons in a majority of the country for the entirety of 2017, as was housing affordability. And although total sales volumes were mixed, prices were consistently up in most markets. Buyers may not benefit from higher prices, but sellers do, and there should be more listing activity by more confident sellers in 2018. At least that would be the most viable prediction for an economic landscape pointing toward improved conditions for sellers..


December Stats



Average Sale Price $229,525
Median Sale Price $190,000
Average Days on Market 56
Months Supply 2.0


 
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