“Although home sales rose in May, housing market activity is still constrained by a lack of inventory,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “The number of homes newly put on the market so far this year is down 5.8 percent from the same time last year.”
May 2019 Market Highlights
- Home sales in Kansas rose by 1.0 percent in May 2019 compared to the same period last year. National sales had a decrease with sales falling 1.1% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in May was $218,648 a 2.6% increase compared to last year. Midwest prices rose 5.6% and US prices rose 4.8%.
- Mortgage rates continue to drop. The national average commitment rate on 30-year conventional mortgage for the week ending June 14, 2019 was 3.84%. View Freddie Mac’s report.
To view April 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.
