We saw a decrease on the average new home price in February ($279,802), which was 4% lower than the same month last year. However, the average existing home price for last month is 4% higher at $127,449 than one year ago.
New home sales decreased 22% from last year and 2% from last month. Existing home sales also saw a decrease...down 7% from last year, but up 4% from last month.
There is still a slight buyer's edge present in the new home market, existing home and combined markets. Interest rates are still at historic lows, but are predicted to rise in 2011...so if you're currently "on the fence" this information may be of benefit. To see any of the available homes in nearby communities in Shawnee, Overland Park, Olathe, Leawood, DeSoto, Lenexa, Mission, Prairie Village, and more, email, text, or give us a call.
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