Existing-Home Sales Slip 3.2 Percent in January
WASHINGTON (February 21, 2018) – Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors®. All major regions saw monthly and annual sales declines last month. Read more
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National housing indicators from January
Existing home sales
5.38 millions units*
Existing home median price
1.326 millions units*
New home sales
0.625 millions units*
National economic indicators
4th Quarter 2017
3rd Quarter 2017
The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).
New home sales
Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (±19.0 percent)* below the revised December rate of 643,000 and is 1.0 percent (±16.4 percent)* below the January 2017 estimate of 599,000
Availalbe8013 Virginia – KCMO – Rental
Just Sold3420 Queen Ridge Dr, Indep
6608 E 136th St, Grandview
2216 N 82nd Tr, KCK
Pending 3756 N Lister Ave, KCMO
11014 Newton, KCMO
Regional marketsMO – Columbia Area
MO – Kansas City Region
MO – Springfield Region
MO – St. Louis Region
Local Board StatisticsThe three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading to competitive bidding. Markets are poised for increased supply, so there is hope that more sellers will take advantage of what appears to be a ready and willing buyer base.
Average Sale Price $198,852
Median Sale Price $173,000
Average Days on Market 5
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