The first half of the busy home buying season is over…sales will start to slow down in the next six months. June 2013 sales show a slowdown from May. Let’s look at the numbers…I am comparing single family homes for the main Brookside zip code of 64113:
In June 2014, 28 homes sold. Median sales price was $286,000 and 37 days on market. The lowest sales price was $157,999 and the highest was $556.000.
In June 2013, 38 homes sold. The median sales price was $300,000 and 45 days on market. The lowest sales price was $150,000 and the highest was $545,000.
Not much change from a year ago–the average sales price dropped some, but days on market was less.
Checking year to date figures:
From Jan-June 2014, 131 homes sold at a median sales price of $296,000 and 74 days on market.
From Jan-June 2013, 151 homes sold at a median sales price of $292,000 and 151 days on market.
Fewer homes sold indicates the lack of inventory for buyers. The fewer days on market reflects the desire for updated, well maintained and well priced homes–they always sell quickly. I still believe that overall, prices are up for Brookside compared to last year.
Currently there are 101 single family homes for sale in the Brookside zip code of 64113 with a median list price of $390,000 and 128 days on market. Over half the homes for sale right now are priced over $400,000. The highest price home is on Ward Parkway listed at $4.95 million and the lowest is $179,000. You can see the average sales price we are experiencing reflects the demand for homes priced at $350K or less.
(All figures taken from Heartland MLS and deemed reliable but not guaranteed).