“2017 was the sixth straight year for rising home sales across the state,” said KAR president, Kathy Minden with Crown Realty in Paola. “This is especially notable given the limited inventories of homes available for sale in many markets across the state.”
December 2017 Market Highlights
- Despite a slight dip in price and a continued limited inventory, Kansas home sales in December were up 3.3% compared to the same period last year. National sales rose slightly at 1.1% over last year.
- For the first time in 2017, the average sales price declined versus the same month the previous year. It was a minor decline of 0.4%. Sale prices are still climbing across the country. National sale prices were 5.8% above last year’s figure.
- For the first time since last summer, the average rate for a 30-year fixed mortgage rose above 4%. The national average commitment rate on 30-year conventional mortgage for the week ending January 18, 2018 was 4.04%. View Freddie Mac’s report.
To view November 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.
