“For the year as a whole, sales in 2020 were up more than 7 percent,” said KAR president, Natalie Moyer with Reese Nichols in Wichita. “Record low interest rates continue to drive demand despite the pandemic.”
December 2020 Market Highlights
- Home sales in Kansas rose by 19.9% percent in December 2020 compared to the same period last year. National sales rose with sales rising 22.2% over 2019.
- Home prices continue to increase across the state. The statewide average sale price in December was $248,672 a 14.3% increase compared to last year. Midwest prices rose 13.7% and US prices rose 12.9%.
- Mortgage rates continue to fall. The national average commitment rate on 30-year conventional mortgage for the week ending January 15, 2021 was 2.77%. 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
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.
