“Newly listed homes fell by 10 percent last month,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “This suggests that the inventory of homes available for sale will continue to be extremely tight for the forseeable future.”
February 2019 Market Highlights
- Home sales in Kansas rose by 0.5 percent in February 2019 compared to the same period last year. National sales had a decrease with sales falling 1.8% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in February was $191,109 a 1.8% increase compared to last year. Midwest prices rose 5.4% and US prices rose 3.6%.
- Mortgage rates continue to drop even lower. The national average commitment rate on 30-year conventional mortgage for the week ending March 22, 2019 was 4.28%. View Freddie Mac’s report.
To view January 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.
