Are you recovered from your turkey hangovers and ready for some real estate news? The Kansas City Regional Association of Realtors has released the October 2012 sales data, and the numbers continue to improve over last year. Below is a sampling of the area data. Citywide, prices and sales are up, but inventory is still on the decline. This data, combined with my own experiences from the year, indicates that it is a good time to sell because there are plenty of buyers who may not feel like they have enough choices. If you are thinking of selling, call me anytime – we need more good homes on the market.
Above: SALES PRICES: October 2012 average sales price for new & existing homes ($168,890) represents a 7% increase over October 2011 ($156,922):
Above: NUMBER OF SALES: October 2012 new & existing home sales (2,277) represent a 24% increase over October 2011 sales (1,829):
Above: INVENTORY: October 2012 inventory for new & existing homes (12,606) represents a 16% decrease from the October 2011 new & existing home inventory (15,013).