“Active listings fell in February,” said KAR president, Kathy Minden with Crown Realty in Paola. “This is unusual for this time of year, and suggests that the market will be even tighter as the spring selling season begins.”
February 2018 Market Highlights
- Home sales in Kansas fell by 1.6% compared to the same period last year. National sales rose slightly, 1.1% over last year.
- Home prices continue to rise. The statewide average sale price in February was $187,579 an increase of 2.4% over last year. Prices across the US rose as well, 5.9% above last year. Homes in Kansas sold for 96.8% of their list price in February.
- Mortgage rates are rising as the US economy improves. The national average commitment rate on 30-year conventional mortgage for the week ending March 22, 2018 was 4.45%, a rise of 1 basis point. View Freddie Mac’s report.
To view January stats, click here.
For national perspective, click here to watch NAR’s new “Housing Minute” video update.
KAR – The Voice of Real Estate in Kansas
The Kansas Association of REALTORS® (KAR) provides members with market data to better serve clients and ensure they make decisions based on the most accurate information in the marketplace.
