“The strong sales in December meant that home sales activity for 2024 was up 0.3 percent compared to 2023,” said KAR president Jamie Sauder with Coldwell Banker Emporia Real Estate in Emporia. “For all of 2024, median sale prices were up 6.1 percent and total sales volume was up 5.6 percent compared to the prior year.”
December 2024 Market Highlights
- Home sales in Kansas rose 10.2% in December 2024 compared to the same period last year. National sales rose with sales rising 9.3% over 2023.
- Home prices continue to increase across the state. The statewide average sale price in December was $321,914 a 10.2% increase compared to last year. Midwest prices rose 9.0% and US prices rose by 6.0%.
- Mortgage rates rose. The national average commitment rate on 30-year conventional mortgage for the week ending January 17, 2025 was 6.96%. View Freddie Mac’s report.
To view November stats, click here.
For national perspective, click here to check out NAR’s Existing Home Sales Snapshot.
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.
