Kansas Housing Market Stats – July 2019

“Home prices continue to rise in the wake of tight inventories,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “Across the state, there is less than a three months’ supply of homes priced between $100,000 and $400,000.”

July 2019 Market Highlights

  • Home sales in Kansas fell by 1.9 percent in July 2019 compared to the same period last year. National sales had a increase with sales rising 0.6% over 2018.
  • Home prices continue to increase across the state. The statewide average sale price in July was $227,041 a 5.8% increase compared to last year. Midwest prices rose 8.1% and US prices rose 4.3%.
  • Mortgage rates continue to drop. The national average commitment rate on 30-year conventional mortgage for the week ending August 16, 2019 was 3.60%. 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.

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