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“Although sales were down slightly in February, we still expect to have a strong spring selling season,” said KAR president, Cindy White with Bill White Real Estate in Independence.
February 2017 Market Highlights
- Home sales in Kansas declined 5.2% in February, while national home sales rose by 5.4%.
- Sales prices remain a bright spot. The average sale price in Kansas was $183,365 in February – a 6.8% increase over last year. This follows the national trend of rising home prices.
- The national average commitment rate on 30-year conventional mortgage for the week ending March 16, 2017 was 4.21%. A year ago at this time the rate was 3.73. View Freddie Mac’s report.
To view January’s market statistics, click here.
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.
