“Tight inventories continue to drive up home prices,” said KAR president, Kathy Minden with Crown Realty in Paola. “The average list price of homes on the market at the end of August was up 15 percent from the same time last year.”
August 2018 Market Highlights
- Home sales in Kansas fell 0.4% compared to the same period last year. National sales fell 1.5% over 2017.
- The statewide average sale price in August was $210,391 a 3.7% increase over last year. Midwest prices rose 3.4% and US prices rose 4.6%.
- Mortgage rates hit their highest level since May. The national average commitment rate on 30-year conventional mortgage for the week ending September 20, 2018 was 4.65%. View Freddie Mac’s report.
To view July 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.
