“The market has clearly softened through the first three months of the year,” said KAR president Jamie Sauder with Coldwell Banker Emporia Real Estate in Emporia. “Nevertheless, tight inventories are continuing to put upward pressure on home prices.”
March 2025 Market Highlights
- Home sales in Kansas fell 6.2% in March 2025 compared to the same period last year. National sales fell with sales falling 2.4% over 2024.
- Home prices continue to increase across the state. The statewide average sale price in March was $320,579 a 7.2% increase compared to last year. Midwest prices rose 3.5% and US prices rose by 2.7%.
- Mortgage rates increased slightly. The national average commitment rate on 30-year conventional mortgage for the week ending April 18, 2025 was 6.81%. View Freddie Mac’s report.
To view February stats, click here.
For national perspective, click here to check out NAR’s Existing Home Sales Snapshot.
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.
