Kansas City housing market builds momentum: Sales, prices, construction pick up

Steve Banks, president of the Kansas City
Regional Association of Realtors

The Kansas City housing market is showing signs of renewed strength after a woeful few years.

New home construction is at its highest level since 2008. The overall number of homes sold is up 20 percent since last year, and the inventory of homes for sale is down 17 percent — a situation real estate agents say is starting to create a shortage of inventory.

Since the beginning of the year, the average number of days a home is on the market has decreased from 100 to 82; the average sale price has increased from $150,000 to $173,000.

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