“Home sales were down 3.6 percent through the first six months of the year,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “This appears to be due primarily to the lack of inventory. The 3.1 months’ supply at the end of June was the lowest figure on record for this time of year.”
June 2019 Market Highlights
- Home sales in Kansas fell by 9.3 percent in June 2019 compared to the same period last year. National sales had a decrease with sales falling 2.2% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in June was $237,350 a 7% increase compared to last year. Midwest prices rose 6.7% 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 July 19, 2019 was 3.81%. View Freddie Mac’s report.
To view May 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.
