Monthly Indicators: October 2016 Quick Facts

Monthly Indicators
October 2016
As we enter the final quarter of 2016, not much has changed since the year
began. Market predictions have been, in a word, predictable. A relatively
comfortable pace of activity has been maintained thanks to continuing low
unemployment and mortgage rates. The one basic drag on market
acceleration has been inventory decline. There is little to indicate that the low
inventory situation will resolve anytime soon.
Closed Sales decreased 0.9 percent for existing homes but increased 2.9
percent for new homes. Pending Sales increased 15.6 percent for existing
homes and 12.0 percent for new homes. Inventory decreased 31.1 percent for
existing homes and 2.3 percent for new homes.
The Median Sales Price was up 6.5 percent to $168,275 for existing homes
and 6.4 percent to $359,975 for new homes. Days on Market decreased 13.6
percent for existing homes but increased 3.5 percent for new homes. Supply
decreased 34.3 percent for existing homes and 9.1 percent for new homes.
Builder confidence is as high as it has been in more than a decade, yet the
pace of economic growth has been slow enough to cause pause. A low
number of first-time buyer purchases and a looming demographic shift also
seem to be curbing the desire to start new single-family construction projects.
As older Americans retire and downsize, single-family listings are expected to
rise. The waiting is the hardest part.
Quick Facts
- 0.6%
Change in Combined
Closed Sales
+ 7.4%
- 29.7%
Change in Combined
Avg. Sales Price
Change in Combined
Supply
Residental real estate activity in Atchison KS, Bates MO, Buchanan MO, Cass MO,
Clay MO, Clinton MO, Douglas KS, Franklin KS, Jackson MO, Jefferson KS, Johnson
KS, Johnson MO, Lafayette MO, Leavenworth KS, Linn KS, Miami KS, Platte MO, Ray
MO and Wyandotte KS counties. Percent changes are calculated using rounded
figures.
Existing Homes Market Overview

New Homes Market Overview
New and Existing Homes Combined Activity Overview
Closed Sales
Average Sales Price
Median Sales Price
Days on Market Until Sale
Percentage of Original List Price Received
Pending Sales
Inventory
Supply
2
3
4
5
6
7
8
9
10
11
12
Current as of November 7, 2016. Report Provided by the Kansas City Regional Association of REALTORS. All data from Heartland Multiple Listing Service. Report 2016 ShowingTime.
Existing Homes Market Overview

Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
Key Metrics
Historical Sparkbars
Closed Sales
10-2013
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
28,342
29,727
+ 4.9%
$184,052
$198,873
+ 8.1%
$187,163
$198,535
+ 6.1%
$158,000
$168,275
+ 6.5%
$160,000
$170,000
+ 6.3%
66
57
- 13.6%
68
56
- 17.6%
94.3%
95.3%
+ 1.1%
94.7%
96.0%
+ 1.4%
2,368
2,737
+ 15.6%
29,376
31,318
+ 6.6%
9,563
6,590
- 31.1%
--
--
--
3.5
2.3
- 34.3%
--
--
--
10-2016
Supply
10-2013
- 0.9%
10-2016
Inventory
10-2013
2,666
10-2016
Pending Sales
10-2013
2,691
Percent Change
10-2016
Pct. of Orig. Price Received

10-2013
YTD 2015 YTD 2016
10-2016
Days on Market
10-2013
Percent Change
10-2016
Median Sales Price

10-2013
10-2016
10-2016
Average Sales Price

10-2013
10-2015
10-2016
Current as of November 7, 2016. Report Provided by the Kansas City Regional Association of REALTORS. All data from Heartland Multiple Listing Service. Report 2016 ShowingTime. | 2
New Homes Market Overview

Key Metrics
Closed Sales
10-2013
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
2,735
2,996
+ 9.5%
$368,101
$377,379
+ 2.5%
$359,821
$372,853
+ 3.6%
$338,250
$359,975
+ 6.4%
$329,538
$342,950
+ 4.1%
113
117
+ 3.5%
146
136
- 6.8%
101.8%
102.0%
+ 0.2%
101.1%
101.5%
+ 0.4%
225
252
+ 12.0%
3,002
3,253
+ 8.4%
1,469
1,435
- 2.3%
--
--
--
5.5
5.0
- 9.1%
--
--
--
10-2016
Supply
10-2013
+ 2.9%
10-2016
Inventory
10-2013
288
10-2016
Pending Sales
10-2013
280
Percent Change
10-2016

10-2013
YTD 2015 YTD 2016
10-2016
Days on Market
10-2013
Percent Change
10-2016
Median Sales Price

10-2013
10-2016
10-2016
Average Sales Price

10-2013
10-2015
10-2016
New and Existing Homes Combined Activity Overview

Key Metrics
Closed Sales
10-2013
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
10-2014
10-2015
31,081
32,723
+ 5.3%
$201,478
$216,336
+ 7.4%
$202,382
$214,515
+ 6.0%
$170,000
$180,000
+ 5.9%
$170,000
$180,000
+ 5.9%
71
62
- 12.7%
75
64
- 14.7%
95.0%
95.9%
+ 0.9%
95.2%
96.5%
+ 1.4%
2,593
2,989
+ 15.3%
32,381
34,571
+ 6.8%
11,033
8,025
- 27.3%
--
--
--
3.7
2.6
- 29.7%
--
--
--
10-2016
Supply
10-2013
- 0.6%
10-2016
Inventory
10-2013
2,954
10-2016
Pending Sales
10-2013
2,972
Percent Change
10-2016

10-2013
YTD 2015 YTD 2016
10-2016
Days on Market
10-2013
Percent Change
10-2016
Median Sales Price

10-2013
10-2016
10-2016
Average Sales Price

10-2013
10-2015
10-2016
Closed Sales
A count of the actual sales that closed in a given month.
Year to Date
October
2,602
2,691
2,666
28,342
29,727
25,366
258
280
288
2,310
2,735
2,996
2014
2015
2016
2014
2015
2016
2014
2015
2016
2014
2015
2016
+ 9.5%
+ 3.4%
- 0.9%
+ 8.4%
+ 8.5%
+ 2.9%
+ 0.2%
+ 11.7%
+ 4.9%
+ 3.4%
+ 18.4%
+ 9.5%
Existing Homes
New Homes
Existing Homes
Year-Over-Year
Change
New Homes
1,977
-0.3%
197
-3.9%
2,424
+12.5%
277
+11.2%
Jan-2016
1,723
+7.4%
190
+30.1%
Feb-2016
1,821
+2.6%
212
+22.5%
Mar-2016
2,811
+8.8%
284
+2.2%
Apr-2016
3,117
+7.3%
336
+11.6%
May-2016
3,634
+4.6%
351
-2.2%
Jun-2016
4,004
+8.3%
391
+18.1%
Jul-2016
3,418
-5.4%
321
-2.1%
Aug-2016
3,375
+9.9%
332
+12.9%
Sep-2016
3,158
+7.8%
291
+18.8%
Oct-2016
2,666
-0.9%
288
+2.9%
12-Month Avg
2,844
+5.1%
289
+8.8%
Closed Sales
Existing Homes
Nov-2015
Dec-2015
Year-Over-Year
Change
New Homes
Historical Closed Sales by Month

Existing Homes
New Homes
5,000
4,000
3,000
2,000
1,000
0
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
Average Sales Price

Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Year to Date
October
Existing Homes
Year-Over-Year
Change
New Homes
Nov-2015
$185,948
+5.2%
$351,123
-2.1%
Dec-2015
$182,967
+5.1%
$395,152
+1.7%
Jan-2016
$169,989
+0.6%
$367,691
-1.0%
Feb-2016
$173,826
+4.6%
$349,594
-8.9%
Mar-2016
$184,430
+5.1%
$356,399
-2.7%
Apr-2016
$194,716
+6.5%
$368,783
+6.3%
May-2016
$204,021
+5.3%
$368,996
+9.3%
Jun-2016
$214,049
+7.3%
$383,066
+8.0%
Jul-2016
$208,515
+5.5%
$374,433
+2.4%
Aug-2016
$205,677
+7.4%
$383,843
+10.8%
Sep-2016
$199,898
+7.2%
$386,078
+0.8%
Oct-2016
$198,873
+8.1%
$377,379
+2.5%
12-Month Avg*
$185,665
+5.9%
$361,974
+3.2%
Avg. Sales Price
$361,591 $368,101
$173,129
$184,052
$377,379
$356,293 $359,821
$198,873
$176,851
$187,163
$372,853
$198,535
2014
2015
2016
2014
2015
2016
2014
2015
2016
2014
2015
2016
+ 4.0%
+ 6.3%
+ 8.1%
+ 1.3%
+ 1.8%
+ 2.5%
+ 5.3%
+ 5.8%
+ 6.1%
+ 4.5%
+ 1.0%
+ 3.6%
Existing Homes
New Homes
Existing Homes
New Homes
Year-Over-Year
Change
* Avg. Sales Price for all properties from November 2015 through October 2016. This is not the
average of the individual figures above.
Historical Average Sales Price by Month

Existing Homes
New Homes
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
Median Sales Price

Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Year to Date
October
Existing Homes
Year-Over-Year
Change
New Homes
Year-Over-Year
Change
Nov-2015
$151,250
+3.6%
$341,000
+4.0%
Dec-2015
$155,000
+5.4%
$359,900
+3.6%
Jan-2016
$145,000
+4.3%
$339,926
+3.7%
Feb-2016
$145,000
+4.3%
$338,037
-2.0%
Mar-2016
$157,000
+4.7%
$325,000
-1.8%
Apr-2016
$168,600
+5.4%
$339,950
+5.1%
May-2016
$177,000
+4.2%
$331,320
+8.7%
Jun-2016
$180,000
+5.9%
$341,235
+2.6%
Jul-2016
$178,500
+6.6%
$340,458
+3.2%
Aug-2016
$175,250
+6.2%
$361,375
+10.0%
Sep-2016
$171,825
+10.6%
$353,656
+6.6%
Oct-2016
$168,275
+6.5%
$359,975
+6.4%
12-Month Avg*
$158,000
+6.0%
$329,995
+4.5%
Median Sales Price
$359,975
$323,992 $329,538
$334,846 $338,250
$145,000
$158,000
$168,275
$150,000
$160,000
$342,950
$170,000
2014
2015
2016
2014
2015
2016
2014
2015
2016
2014
2015
2016
+ 3.6%
+ 9.0%
+ 6.5%
+ 7.3%
+ 1.0%
+ 6.4%
+ 5.3%
+ 6.7%
+ 6.3%
+ 4.5%
+ 1.7%
+ 4.1%
Existing Homes
New Homes
Existing Homes
New Homes
* Median Sales Price for all properties from November 2015 through October 2016. This is not the
Historical Median Sales Price by Month

Existing Homes
New Homes
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
Days on Market Until Sale

Average number of days between when a property is listed and when an offer is accepted in a given month.
Year to Date
October
Existing Homes
Year-Over-Year
Change
New Homes
Nov-2015
67
-10.7%
108
+1.9%
Dec-2015
71
-13.4%
94
-13.0%
Jan-2016
76
-12.6%
114
-9.5%
Feb-2016
80
-11.1%
134
-10.1%
Mar-2016
69
-16.9%
125
-26.0%
Apr-2016
58
-18.3%
156
+5.4%
May-2016
51
-16.4%
156
-4.9%
Jun-2016
49
-18.3%
142
-7.2%
Jul-2016
45
-25.0%
148
-5.7%
Aug-2016
51
-16.4%
124
-11.4%
Sep-2016
51
-21.5%
130
+2.4%
Oct-2016
57
-13.6%
117
+3.5%
12-Month Avg*
69
-16.4%
141
-6.7%
Days on Market
146
117
113
108
136
128
78
77
66
68
57
56
2014
2015
2016
2014
2015
2016
2014
+ 2.6%
- 15.4%
- 13.6%
+ 28.6%
+ 4.6%
+ 3.5%
- 4.9%
Existing Homes
New Homes
2015
2016
- 11.7% - 17.6%
2014
2015
2016
+ 6.7%
+ 14.1%
- 6.8%
Existing Homes
New Homes
Year-Over-Year
Change
* Days on Market for all properties from November 2015 through October 2016. This is not the
Historical Days on Market Until Sale by Month

Existing Homes
New Homes
250
200
150
100
50
0
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
Percentage of Original List Price Received

Percentage found when dividing a propertys sales price by its original list price, then taking the average for all properties sold
in a given month, not accounting for seller concessions.
Year to Date
October
Pct. of Orig. Price

Received
101.8% 101.8% 102.0%

93.0%
94.3%
95.3%
101.7% 101.1% 101.5%

93.6%
94.7%
96.0%
2014
2015
2016
2014
2015
2016
2014
2015
2016
2014
2015
2016
+ 0.5%
+ 1.4%
+ 1.1%
- 0.3%
0.0%
+ 0.2%
+ 0.5%
+ 1.2%
+ 1.4%
0.0%
- 0.6%
+ 0.4%
Existing Homes
Existing Homes
New Homes
New Homes
Existing Homes
Year-Over-Year
Change
New Homes
Year-Over-Year
Change
Nov-2015
94.0%
+1.0%
101.2%
-0.8%
Dec-2015
93.3%
+1.0%
101.9%
+0.1%
Jan-2016
93.7%
+1.7%
101.5%
+1.0%
Feb-2016
93.3%
+0.8%
100.7%
+0.3%
Mar-2016
95.2%
+1.6%
101.3%
+0.5%
Apr-2016
96.6%
+1.6%
101.7%
+0.5%
May-2016
97.0%
+1.5%
101.3%
0.0%
Jun-2016
97.4%
+1.8%
101.2%
+0.1%
Jul-2016
96.9%
+1.7%
101.7%
+0.5%
Aug-2016
96.0%
+1.2%
101.8%
+0.2%
Sep-2016
95.7%
+1.3%
101.6%
+0.9%
Oct-2016
95.3%
+1.1%
102.0%
+0.2%
12-Month Avg*
94.4%
+1.4%
101.2%
+0.3%
* Pct. of Orig. Price Received for all properties from November 2015 through October 2016. This
is not the average of the individual figures above.
Historical Percentage of Original List Price Received by Month

Existing Homes
New Homes
105.0%
100.0%
95.0%
90.0%
85.0%
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
Pending Sales
A count of the properties on which offers have been accepted in a given month.
Year to Date
October
Existing Homes
Year-Over-Year
Change
New Homes
Year-Over-Year
Change
Nov-2015
2,090
+12.7%
208
+14.9%
Dec-2015
1,727
+5.0%
207
+21.8%
Jan-2016
2,208
-0.3%
259
-3.4%
Feb-2016
2,897
+12.5%
361
+27.1%
Mar-2016
3,619
+9.4%
486
+31.7%
Apr-2016
3,808
+4.2%
429
+3.9%
May-2016
3,604
+7.7%
363
+1.7%
Jun-2016
3,364
+2.5%
340
+16.8%
Jul-2016
3,277
+6.8%
257
-15.7%
Aug-2016
3,068
+3.8%
285
+4.8%
Sep-2016
2,736
+5.0%
221
+1.4%
Oct-2016
2,737
+15.6%
252
+12.0%
12-Month Avg
2,928
+6.9%
306
+9.4%
Pending Sales
2,737
31,318
29,376
2,368
26,115
2,163
192
225
252
2015
2016
2014
2015
2016
2014
+ 0.6%
+ 9.5%
+ 15.6%
+ 2.1%
Existing Homes
+ 17.2% + 12.0%
2,414
3,002
3,253
2014
2015
2016
2014
2015
2016
+ 0.6%
+ 12.5%
+ 6.6%
+ 0.6%
+ 24.4%
+ 8.4%
New Homes
Existing Homes
New Homes
Historical Pending Sales by Month

Existing Homes
New Homes
4,000
3,000
2,000
1,000
0
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
Inventory
The number of properties available for sale in active status at the end of a given month.
October
Existing Homes
Year-Over-Year
Change
New Homes
Year-Over-Year
Change
Nov-2015
8,755
-18.6%
1,496
-8.8%
Dec-2015
7,563
-20.2%
1,515
-8.8%
Jan-2016
7,122
-23.1%
1,567
-4.5%
Feb-2016
6,844
-24.8%
1,518
-4.5%
Mar-2016
7,071
-24.8%
1,478
-4.0%
Apr-2016
7,521
-23.8%
1,464
-2.7%
May-2016
7,634
-26.4%
1,402
-2.8%
Jun-2016
7,953
-24.2%
1,366
-4.1%
Jul-2016
7,903
-25.5%
1,391
+0.2%
Aug-2016
7,633
-25.1%
1,387
-1.2%
Sep-2016
7,329
-25.6%
1,403
-4.0%
Oct-2016
6,590
-31.1%
1,435
-2.3%
12-Month Avg*
7,493
-24.4%
1,452
-4.1%
Inventory
11,721
9,563
6,590
1,608
1,469
1,435
2014
2015
2016
2014
2015
2016
- 10.7%
- 18.4%
- 31.1%
+ 26.3%
- 8.6%
- 2.3%
Existing Homes
New Homes
Historical Inventory by Month

Existing Homes
New Homes
25,000
20,000
15,000
10,000
5,000
0
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
Supply
The inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months.
October
Existing Homes
Year-Over-Year
Change
New Homes
Year-Over-Year
Change
Nov-2015
3.2
-27.3%
5.6
-22.2%
Dec-2015
2.8
-28.2%
5.7
-20.8%
Jan-2016
2.6
-31.6%
5.8
-19.4%
Feb-2016
2.5
-32.4%
5.5
-20.3%
Mar-2016
2.6
-29.7%
5.4
-16.9%
Apr-2016
2.7
-30.8%
5.3
-14.5%
May-2016
2.7
-32.5%
5.1
-12.1%
Jun-2016
2.8
-30.0%
4.8
-14.3%
Jul-2016
2.8
-30.0%
4.9
-9.3%
Aug-2016
2.7
-28.9%
4.9
-9.3%
Sep-2016
2.6
-27.8%
4.9
-10.9%
Oct-2016
2.3
-34.3%
5.0
-9.1%
12-Month Avg*
3.9
-30.3%
6.2
-15.4%
Supply
7.1
5.5
5.0
4.8
3.5
2.3
2014
- 11.1%
2015
2016
2014
- 27.1%
- 34.3%
+ 22.4%
Existing Homes
2015
2016
- 22.5%
- 9.1%
New Homes
* Supply for all properties from November 2015 through October 2016. This is not the average of
the individual figures above.
Historical Supply by Month

Existing Homes
New Homes
14.0
12.0
10.0
8.0
6.0
4.0
2.0
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016

Monthly Indicators: October 2016 Quick Facts

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Monthly Indicators: October 2016 Quick Facts

Uploaded by

Copyright:

Available Formats

Monthly Indicators

Existing Homes Market Overview

Existing Homes Market Overview

Pct. of Orig. Price Received

YTD 2015 YTD 2016

Median Sales Price

Average Sales Price

New Homes Market Overview

Pct. of Orig. Price Received

YTD 2015 YTD 2016

Median Sales Price

Average Sales Price

New and Existing Homes Combined Activity Overview

Pct. of Orig. Price Received

YTD 2015 YTD 2016

Median Sales Price

Average Sales Price

Historical Closed Sales by Month

Average Sales Price

Avg. Sales Price

Historical Average Sales Price by Month

Median Sales Price

Median Sales Price

Historical Median Sales Price by Month

Days on Market Until Sale

Historical Days on Market Until Sale by Month

Percentage of Original List Price Received

Pct. of Orig. Price

101.8% 101.8% 102.0%

101.7% 101.1% 101.5%

Historical Percentage of Original List Price Received by Month

Historical Pending Sales by Month

Historical Inventory by Month

Historical Supply by Month

You might also like