March 2022 Market Update

April 11, 2022

Review the March 2022 Local Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service. Highlights from the March data include:
  • March 2022 average sales price for new and existing homes combined ($327,196) is 12.5% higher than March 2021.
  • There were 3,201 home sales (new and existing combined) for March 2022, which is 1.6% higher than last March (3,150).
  • Home inventory (new and existing combined) for March 2022 (3,013) is 21.6% lower compared to March 2021 (3,845).
  • The supply of new and existing homes for March 2022 is currently 0.8 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.

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