“The number of active listings across the state at the end of January was 48 percent lower than last year,” said KAR president, Natalie Moyer with Reese Nichols in Wichita. “This should make it even more of a sellers’ market as we enter the Spring buying season.”
January 2021 Market Highlights
- Home sales in Kansas rose by 12.3% percent in January 2021 compared to the same period last year. National sales rose with sales rising 23.7% over 2020.
- Home prices continue to increase across the state. The statewide average sale price in January was $242,219 a 14.3% increase compared to last year. Midwest prices rose 14.7% and US prices rose 14.1%.
- Mortgage rates continue to fall. The national average commitment rate on 30-year conventional mortgage for the week ending February 12, 2021 was 2.81%. 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
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.
