February 2022 Local KC Market Update

March 10, 2022

 
Review the February 2022 Local Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service. Highlights from the February data include:
 
  • February 2022 average sales price for new and existing homes combined ($311,465) is 8.4% higher than February 2021.
  • There were 2,388 home sales (new and existing combined) for February 2022, which is 6.2% lower than last February (2,547).
  • Home inventory (new and existing combined) for February 2022 (2,691) is 26.5% lower compared to February 2021 (3,663).
  • The supply of new and existing homes for February 2022 is currently 0.7 months. 

KCRAR’s Local Market Updates provide a closer look at the current market conditions within specific counties in the region.   Now what does this information mean and how does it affect my situation?   Contact me and I will be happy to explain and work through what would work best for your individual situation.

Posted in