“Sale prices are rising rapidly in the wake of tight inventories” said KAR president, Cindy White with Bill White Real Estate in Independence. “In March there was less than a 3 months’ supply of homes available for sale priced between $100,000 and $300,000 across the state.”
March 2017 Market Highlights
- Home sales in Kansas rose 1.4% in March, national home sales saw a more significant increase of 5.9%.
- Sales prices continue to rise. The average sale price in Kansas was $188,575 in March – a 4.3% increase over last year and an increase over the previous month’s (February 2017) average price of $183,365.
- The national average commitment rate on 30-year conventional mortgage for the week ending April 20, 2017 was 3.97%. A year ago at this time the rate was 3.59. View Freddie Mac’s report.
To view February’s market statistics, click here.
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.
