“Sale prices are still rising but have slowed. Sales are down compared to last year which may be due to the rising sales prices.” said KAR president Jon Fort with Arc Real Estate in Garden City.
December 2023 Market Highlights
- Home sales in Kansas fell by 5.1% in December 2023 compared to the same period last year. National sales fell with sales falling 6.2% over 2022.
- Home prices continue to increase across the state. The statewide average sale price in December was $292,182 a 4.1% increase compared to last year. Midwest prices rose 5.9% and US prices rose by 4.4%.
- Mortgage rates fell slightly. The national average commitment rate on 30-year conventional mortgage for the week ending January 19, 2024 was 6.60%. 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.
