July 212 Kansas City Regional Real Estate Market Report
Average Sales Price The average exis ng home sale price in July 212 was $162,256. 25 Kansas City Region Average Sales Price - Existing Homes July 212 exis ng home sale price ($162,256) is 5 percent above July 211 ($153,956). All but three coun es (Johnson, Leavenworth and Pla e) experienced an increase in average sales price for exis ng homes from the same month last year. 2 15 1 5 134882 138695 12395 13594 1198 124822 236166 23918 159574 143667 153436 173559 173682 16394 64483 77147 153956 162256 145613 153345 Jul-11 Jul-12 The average new home price in July 212 was $314,67. 4 Kansas City Region Average Sales Price - New Homes The average new home price in July 212 ($314,67) is 4 percent above the July 211 average new home price ($32,877). All but one county (Cass) showed an increase in new home prices compared to one year ago. 35 3 25 2 15 1 5 233513 198179 258947 27737 26372 296676 364513 373588 2435 24359 281212 29356 1856 23618 32877 31467 3945 31467 Jul-11 Jul-12 The average sales price for new & exis ng homes (combined) in July 212 was $172,488. 3 25 Kansas City Region Average Sales Price - Combined July 212 average sales price for new & exis ng homes ($172,488) represents a 5 percent increase over July 211 ($164,426). 2 15 1 5 143276 14194 135171 151635 115313 13194 24918 24364 162373 149281 153436 173559 1872 173226 7791 8168 164426 172488 156874 165385 Jul-11 Jul-12 Copyright 212. KCRAR is the Voice for Real Estate in the Kansas City Area
Home Sales Exis ng home sales in July 212 totaled 2,459. July 212 exis ng homes sales (2,459) represent an increase of 26 percent over July 211 home sales (1,955). 26 24 22 2 18 16 14 12 1 Kansas City Region Home Sales - Existing Homes New home sales in July 212 totaled 182. July 212 new home sales (182) were 16 percent higher than July 211 home sales (157). 275 25 225 2 175 15 125 1 75 Kansas City Region Home Sales - New Homes Combined home sales (new and exis ng) in July 212 totaled 2,641. Combined homes sales for July 212 (2,641) were 25 percent higher than July 211 totals (2,112). 35 3 25 2 15 1 5 Kansas City Region Home Sales - Combined Existing New Copyright 212. KCRAR is the Voice for Real Estate in the Kansas City Area
Home Inventory Kansas City Region Inventory - Existing Homes The exis ng home inventory in July 212 was 12,967. July 212 exis ng home inventory (12,967) is 17 percent lower than the July 211 exis ng home inventory (15,689). 17 16 15 14 13 12 11 Kansas City Region Inventory - New Homes The new home inventory in July 212 was 1,93. July 212 new home inventory (1,93) is 16 percent lower than July 211 new home inventory (1,36). 14 13 12 11 1 Kansas City Region Inventory - Combined Inventory of combined new & exis ng homes in July 212 was 14,6. July 212 inventory for new & exis ng homes (14,6) represents a 17 percent decrease from the July 211 new & exis ng home inventory (16,995). 19 16 13 1 7 4 1 15689 136 15165 1312 14596 139 1379 134 1255 1264 11571 124 ` 11696 1242 1232 1236 1345 1169 13383 1128 13493 1112 13253 19 12967 193 New Existing Copyright 212. KCRAR is the Voice for Real Estate in the Kansas City Area
Supply of Homes on Market Supply calcula on is determined by taking the Inventory and dividing it by the 12 month average of the number of Sales. Generally speaking, a 5-6 month supply of homes on the market equates to a balanced market. When the supply exceeds 6 months, the market begins to favor buyers, and when the supply is less than 5 months the market tends to favor sellers. The exis ng homes supply in July 212 was 6.7 months. This supply is almost three months lower than the July 211 supply of exis ng homes (9.4 months). A 6.7 month supply represents only a slight buyer s edge in the exis ng home market and moving close to a balanced market. 11. 1. 9.4 Months of Supply - Existing Homes 9. 8.9 8.4 8. 7.8 7.1 7.3 7.1 7.2 7. 7. 6.6 6.8 6.7 6.6 6. Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- 11 11 11 11 11 11 12 12 12 12 12 12 12 Total 9.4 8.9 8.4 7.8 7.1 6.6 6.6 6.8 7.1 7.3 7.2 7. 6.7 The new home supply in July 212 was 6.7 months. This supply is three months lower than the July 211 supply of new homes (9.6). A 6.7 month supply represents a new home market only slightly favoring Buyers and inching closer to a balanced market. 11. 1. 9. 8. 7. Months of Supply - New Homes 9.6 9.5 9.4 9.4 9.1 8.8 8.9 8.7 8. 7.6 7.2 6.8 6.7 6. Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- 11 11 11 11 11 11 12 12 12 12 12 12 12 Total 9.6 9.5 9.4 9.4 9.1 8.8 8.9 8.7 8. 7.6 7.2 6.8 6.7 Supply for combined new and exis ng homes in July 212 was 6.7 months. This supply is almost three months lower than the 9.4 months of supply in July 211. A 6.7 month supply represents only a slight buyer s edge for combined new and exis ng homes and moving closer to a balanced market. 11. 1. 9. 8. 7. 6. 9.4 8.9 8.5 Months of Supply - Combined 7.9 7.3 6.7 6.7 6.9 7.2 7.3 7.2 6.9 6.7 5. Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- 11 11 11 11 11 11 12 12 12 12 12 12 12 Total 9.4 8.9 8.5 7.9 7.3 6.7 6.7 6.9 7.2 7.3 7.2 6.9 6.7 Copyright 212. KCRAR is the Voice for Real Estate in the Kansas City Area
Pending Sales Pending Contracts= Pending or Sold status and Contract Date within me period specified. Exis ng homes pending contracts for July 212 were 1,83. July 212 exis ng homes pending contracts (1,83) represent a 6 percent increase over July 211 pending contracts (1,721). 22 2 18 16 14 12 Kansas City Region Home Pending Sales - Existing Homes 1 New homes pending contracts for July 212 were 218. 275 25 Kansas City Region Home Pending Sales - New Homes July 212 new homes pending contracts (218) were 41 percent higher than July 211 new homes pending contracts (155). 225 2 175 15 125 1 75 Combined (new and exis ng) homes pending contracts in July 212 were 2,48. Combined homes pending contracts for July 212 (2,48) were 9 percent higher than July 211 totals (1,876). 35 3 25 2 15 1 Kansas City Region Home Pending Sales - Combined Existing New 5 Copyright 212. KCRAR is the Voice for Real Estate in the Kansas City Area