“Overall sales declined in January, but pricing remained strong.” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence.
January 2019 Market Highlights
- Home sales in Kansas fell by 8.2 percent in January 2019 compared to the same period last year. National sales had a smaller decrease with sales falling 8.5% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in January was $200,772 a 0.7% decrease compared to last year. Midwest prices rose 1.4% and US prices rose 2.8%.
- Mortgage rates continue to drop even lower. The national average commitment rate on 30-year conventional mortgage for the week ending February 21, 2019 was 4.35%. View Freddie Mac’s report.
To view December 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.
