“Sales have fallen this year because of a lack of inventory,” said KAR president Andrew Mall with Link Realty in Prairie Village. “Demand remains incredibly strong across the state.”
April 2022 Market Highlights
- Home sales in Kansas fell by 6.5% in April 2022 compared to the same period last year. National sales fell with sales falling 5.9% over 2021.
- Home prices continue to increase across the state. The statewide average sale price in April was $284,455 a 10.5% increase compared to last year. Midwest prices rose 8.7% and US prices rose 14.8%.
- Mortgage rates increased. The national average commitment rate on 30-year conventional mortgage for the week ending May 13, 2022 was 5.25%. 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
For 100 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 10,000 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
