“Tight inventories continue to be an issue across the state,” said KAR president, Cindy White with Bill White Real Estate in Independence. “Last month the typical home sold in just 45 days for 98 percent of its asking price.”
July 2017 Market Highlights
- July home sales in Kansas fell 4.0% compared to the same period last year. By comparison, national sales rose 2.1%.
- Sale prices continue to increase, as inventory is tight and moving quickly.
- Mortgage rates dropped to a new year-to-date low. The national average commitment rate on 30-year conventional mortgage for the week ending August 24, 2017 was 3.86%. A year ago at this time the rate was 3.43. View Freddie Mac’s report.
To view June 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.
