“November sales were remarkably strong across the state,” said KAR president, Deborah McMullen with McGrew Real Estate in Lawrence. “At the same time, active listings were up last month, which should help to ease the tight inventories we’ve been seeing.”
November 2016 Market Highlights
- Kansas home sales saw the largest year-over-year increase for any month in 2016.
- Kansas home sales outpaced national gains. Year over year increase in existing-home sales for the nation was 0.7% in November.
- Mortgage rose above 4% for the first time in months. The national average commitment rate on 30-year conventional for the week ending December 15, 2016 was 4.16%. View Freddie Mac’s report.
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.
