“The sharp decline in December was due in part to strong gains a year ago,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “Overall, sales in 2018 ended the year just slightly below last year’s record number.”
December 2018 Market Highlights
- Home sales in Kansas fell by 16.4 percent in December 2018 compared to the same period last year. National sales had a smaller decrease with sales falling 10.3% over 2017.
- Home prices continue to increase across the state. The statewide average sale price in December was $255,268 a 29.9% increase over last year. Midwest prices were flat and US prices rose 2.9%.
- Mortgage rates continue to drop. The national average commitment rate on 30-year conventional mortgage for the week ending January 18, 2019 was 4.45%. 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.
