Kansas City realtors say spike in home sales means economy is on the mend

KANSAS CITY, Mo. - Realtors said a spike in home sales in Kansas City may be a sign the economy is on the mend.

"All the professionals in this industry think we're seeing a turnaround," Kansas City Regional Association of Realtors President, Brenda Oliver said Saturday.

Whether you're buying or selling, Kansas City's Regional Association of Realtors President Brenda here's what you need to know. Oliver said right now it's a seller's market but interest rates are still low she said so that's great for buyers.

See housing market reports for our region: http://www.kcrar.com/statistics

"Sellers are feeling some relief," Oliver said. "Buyers who are on the fence, need to get off the fence."

Oliver also said this could be good news for those in construction.

"A lot of contractors are getting back to work and expect a rosier 2013 as people absorb the construction and put more basements in the ground," she said.

Saturday. 41 Action News took a look inside one home in the Lakewood Division of Lee's Summit; the home is $314,000 and will be part of KC's parade of homes happening soon.

"New home sales are up 26 percent over what they were for the end of February 2012.

KCRAR will get March 2013 stats on Monday and hope the spike is even higher compared to last March.

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