A drop in the supply of single family homes in the Kansas City area last month meant higher home prices in the area, according to a report from the Kansas City Association of Realtors.
In September, the average sale price of new and existing homes in nine counties that make up the Kansas City metro area was $183,559. That’s a jump of about 8 percent, compared with September 2012, when homes sold for an average of $170,172.
Despite the higher prices, home sales also increased. In September, 2,525 new and existing homes sold, marking a 21 percent jump over the 2,082 homes sold in September 2012. Sales of existing homes outpaced sales of new homes in September, by a margin of 2,335 to 190.