“The strong July figures are due in part to transactions that were delayed in April and May due to the pandemic shutdowns,” said KAR president, Marsha McConnell with Plaza Astle Realty in Hutchinson.
July 2020 Market Highlights
- Home sales in Kansas rose by 12.5% percent in July 2020 compared to the same period last year. National sales fell with sales falling 8.7% over 2019.
- Home prices continue to increase across the state. The statewide average sale price in July was $247,732 a 9.7% increase compared to last year. Midwest prices rose 8.0% and US prices rose 8.5%.
- Mortgage rates remain steady. The national average commitment rate on 30-year conventional mortgage for the week ending August 14, 2020 was 2.99%. 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.
