Kansas City Real Estate Market Activity, October

It looks as if the Kansas City area is settling in for the winter season. Inventory is low and will likely remain low until spring since many sellers have pulled their homes off the market for the holidays. (This is great news for you if you’re trying to sell.) Average sales prices are still on the rise, but not nearly at the pace they were in the last few months, June being the highest. There are buyers in the market and they’re looking to get settled before the end of the year. So, if you’re wanting to list, now might just be the right time for you. Little competition and a steady amount of buyers are two good ingredients for a successful sale. Please note: it’s important to have your REALTOR study the showings and activity in your particular price range and area before making a decision.

Clay/Ray Counties
Clay/Ray County sales were down for the month by 14.5% from 2012. Units were at 260 versus 304 last year. Year to date, unit sales are up 6.4%, with 3,646 units this year versus 3,426 last year.
The average sales price for the month was up 5.1% from last year, with an average price of $158,720. Year to date, the average price is up 8.9%. The average price is $159,206, versus $146,266 last year.
New listings were up 21 units to 523 or 4.2% from last year’s 502 units. Inventory is down 1.8% from last year and is running at 1,939 units. Inventory is down 36 units from last month.

Platte County
Platte County sales were down for the month by 21.8% from 2012. Units were at 111 versus 142 last year. Year to date, unit sales are up 4.9%, with 1,566 units this year versus 1,493 last year.
The average sales price for the month was down 0.4% from last year, with an average price of $187,461. Year to date, the average price is up 5.9% from last year. The average price is $202,795 versus $191,486 last year.
New listings in Platte County were down 15 units to 212 or 6.6% from the 227 units last year. Inventory decreased 7.0% from last year and is running at 836 units. Inventory is down 63 units from last month.

Heartland
Adjusted Sales* for the entire Heartland area were at 2,221, down for the month by 8.3%, or 202 units. The average price was up 9.3%, and averaging $184,529. Year to date, sales were up 8.3% or 2,140 units for a total of 27,847 for 2013. The average price for the year is running at $182,616, up 9.3% from 2012’s average of $167,041.

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