Homes For Sale In Kansas City

KC home sales continue steady increase in June

Home sales continued a steady improvement in metropolitan Kansas City in June, although they continued to trail the same month a year ago, when a federal incentive program was coming to a close.</p><p>There were 192 new homes sold last month, up 30 percent from May, and 2,224 existing homes sold, a 9 percent increase from the previous month, according to the latest report by the Kansas City Regional Association of Realtors.</p><p>It was the fourth consecutive month that new home sales have increased, and the fifth month in a row for existing homes. </p><p>Still, the sale numbers were behind a year ago when the federal tax credit program was in its last month. New home sales were down 38 percent in June compared with last year; existing home sales were off just 3 percent. </p><p>The region&#x2019;s uptick contrasted with national numbers out Wednesday for existing home sales. They dropped 0.8 percent, to a seasonally adjusted annual rate of 4.77 million homes. Through the first six months of this year, the sales pace is behind last year&#x2019;s 4.91 million homes sold &#x2014; the weakest sales in 13 years. Sales have fallen in four of the past five years.</p><p>In addition, a record number of people who signed contracts canceled deals last month.</p><p>In the Kansas City region, the average sales price of a new home in the metro in June was $302,758, up 32 percent from a year ago. The average price of an existing home was $163,125, 2 percent lower than June 2010.</p><p>The inventory of new homes available on the market in June continued to decline with 1,298 listed, 20 percent below last year. There were 16,010 existing homes listed, up 1 percent from a year ago.</p><p>The Realtors Association report does not include homes for sale by their owner.</p><p>Using a formula that divides the inventory by the pace of sales, metro Kansas City remains a buyer&#x2019;s market with a 9.9-month supply of new homes and a 9.8-month supply of existing homes.

Home sales continued a steady improvement in metropolitan Kansas City in June, although they continued to trail the same month a year ago, when a federal incentive program was coming to a close.

There were 192 new homes sold last month, up 30 percent from May, and 2,224 existing homes sold, a 9 percent increase from the previous month, according to the latest report by the Kansas City Regional Association of Realtors.

More Homes for Sale in Kansas City

The amount of available homes in Kansas City grew in June, according to the Kansas City Association of Realtors. Compared to June 2010, home sales were down by 38%, and while reasons are speculating, a big likelihood involves the tax credit for home buyers that was in affect last year.

Though the numbers are down from 2010, the Kansas City movers are excited to share that the numbers for June are up 11% from May. Hopefully, the trend continues and the market picks up again–for the sake of realtors, sellers, and everyone involved in the moving process, such as your friendly Kansas City movers here at All My Sons.

The average price for a new Kansas City area home was $302,758, which is a 2% increase from last year. Subsequently, existing home sales dropped 2% to $163,125.

If you’re looking to relocate to Kansas City or you’re a KC resident looking to simply move homes, now could quite possibly be the time to buy. Check with your family movers at All My Sons Kansas City for the best moving rates and reliable services!

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