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Real Estate News: Home Sales Up in April

26/05/2010

Sales of existing (resale) homes were up by 7.6% nationwide in April.  The median price was also up by 4% compared to April of 2009. In the Midwest Region, sales were up by 9.9% from the previous year.   Our median home price also rose by 2.1% to $243,000.

Kansas City Real Estate sales volume coincides with the national and regional statistics.

Inventory is up.  Sales volume is up.  Sales price is up.   NAR reports that price increases were seen in 91 out of 152 metropolitan areas.  Lawrence Yun, Chief Economist for NAR, states that the “housing price correction appears essentially over.”  If Mr. Yun is right, then we have hit bottom.

The National Association for Business Economics reports that unemployment will decrease to 9.4% by the end of 2010 and to 8.5% by the end of 2011.  Nick Timiraos, writer for the Wall Street Journal, reports that some experts are predicting a fall in mortgage interest rates to 4.5%.

Residential Property Statistics for Zip Code64113 Years 1997-2009
Kansas City Real Estate First Quarter Comparison Years 2008 & 2009

Jackson County Missouri Home Prices & Inventory 2002-2008
Waldo Kansas City Market Report March 2010
Morningside Market Report 2009
Johnson County KS Real Estate Market 2001-2009

Market Reports 1st Quarter 2010:
Kansas City Region 1st Quarter 2010
Armour Hills Brookside Kansas City Market Report 1st Quarter 2010
Brookside Park
Country Club Heights & Country Club Ridge
Hampstead Gardens
Morningside Park
Rockhill Heights

Suncrest

By  Maria Morton Real Estate Agent Kansas City   Realtor©/ABR/SRES/WHS

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