“With the strong sales in January, inventories are the tightest they’ve ever been for this time of year,” said KAR president, Marsha McConnell with Plaza Astle Realty in Hutchinson. “At the end of the month there was only a 2.4 months’ supply of homes available for sale across the state.”
January 2020 Market Highlights
- Home sales in Kansas rose by 6.4% percent in January 2020 compared to the same period last year. National sales had a increase with sales rising 9.6% over 2019.
- Home prices continue to increase across the state. The statewide average sale price in January was $212,034 a 5.6% increase compared to last year. Midwest prices rose 5.4% and US prices rose 6.8%.
- Mortgage rates fell slightly. The national average commitment rate on 30-year conventional mortgage for the week ending February 14, 2020 was 3.49%. 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.
