“Sales activity continues to be robust in spite of the tight inventory of homes available for sale,” said KAR president, Cindy White with Bill White Real Estate in Independence.”
November 2017 Market Highlights
- Sales activity was positive in Kansas and the nation overall. Kansas home sales in November were up 2.1% compared to the same period last year. National sales rose 3.8%.
- With limited inventory, sellers continue to demand more for their homes. The average sales price was 4.5 % higher in November versus last year. This follows the national trend, which saw a 5.8% increase in average sales price versus 2016.
- Mortgage rates are steady. The national average commitment rate on 30-year conventional mortgage for the week ending December 14, 2017 was 3.93%. View Freddie Mac’s report.
To view October 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.
