Development

June 17, 2014 4:36 PM

Area home prices and sales pace rose in May

The average sales price of a new home in the area was $363,499 last month, 6 percent above May 2013, and the average existing home price was $183,121, 3 percent above a year ago, according to the Kansas City Regional Association of Realtors. There were 2,863 existing homes sold last month, 1 percent ahead of last year. Sales of new homes were up 1 percent too, with 272 sold.

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