Kansas Housing Market Stats – July 2023

“Sales through the first half of the year are down nearly 15 percent compared to 2022,” said KAR president Thomas Howe with McGrew Real Estate in Lawrence. “Nevertheless, it remains a sellers’ market due to very tight inventories.”

July 2023 Market Highlights

  • Home sales in Kansas fell by 18.7% in July 2023 compared to the same period last year. National sales fell with sales falling 16.6% over 2022.
  • Home prices continue to increase across the state. The statewide average sale price in July was $312,457 a 4.9% increase compared to last year. Midwest prices rose 3.9% and US prices rose by 1.9%.
  • Mortgage rates increased. The national average commitment rate on 30-year conventional mortgage for the week ending August 18, 2023 was 7.09%. 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

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.

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