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Today, we take a look back at the third quarter home market report. This report makes it easy to take a look at trends in specific Kansas City areas because it's broken down by ZIP code. Let's take a look at a few areas of note:
Clay County, Missouri:
- Median sales price: $161,700 (increase of 6.7%)
- Average sale price: $182,700 (increase of 7.5%)
- Inventory: 1,545 available homes (down about 9.2%)
- Closed sales: 1,160 (4.8 month supply)
- Days on market: 81 days
Johnson County, Kansas:
- Median sales price: $225,000 (increase of 3.6%)
- Average sale price: $274,300 (increase of 3.2%)
- Inventory: 2,850 available homes
- Closed sales: 2,928 (3.4 month supply)
- Days on market: 53 days
Platte County, Missouri:
- Median sales price: $198,250 (up 1.7%)
- Average sale price: $244,211 (up 7.9%)
- Inventory: 685 available homes
- Closed sales: 448 (5.5 month supply)
- Days on market: 88 days
If you want to take a look at the whole report, you can see it here. There, you'll be able to take a look at conditions in your specific area or the area you're interested in. Overall, this report looks great. In Johnson and Clay counties, sellers have a slight advantage, while it's more a balanced market in Platte County.
The most important thing to take away from this report is that conditions vary by area. If you need help navigating a specific market, don't hesitate to reach out to us. We'll align you with an expert adviser who can help you understand where prices might be in the future, rather than looking back at past trends. We hope this information will serve you well!
