“Home prices continue to rise in the face of tight inventories,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “Year-to-date the average sale price of homes across Kansas is up 1.4 percent.”
April 2019 Market Highlights
- Home sales in Kansas fell by 6.7 percent in April 2019 compared to the same period last year. National sales had a decrease with sales falling 4.4% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in April was $210,340 a 3.4% increase compared to last year. Midwest prices rose 5.5% and US prices rose 3.6%.
- Mortgage rates continue to drop. The national average commitment rate on 30-year conventional mortgage for the week ending May 17, 2019 was 4.07%. View Freddie Mac’s report.
To view March 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.
