“Home prices across the state continue to rise at a strong pace,” said KAR president, Kathy Minden with Crown Realty in Paola. “Year-to-date, the median sale price is up 5.4 percent compared to 2017.”
November 2018 Market Highlights
- Home sales in Kansas fell 0.5% compared to the same period last year. National sales had a larger decrease with sales falling 7% over 2017.
- Home prices continue to increase across the state. The statewide average sale price in November was $209,481 a 5.4% increase over last year. Midwest prices rose 2.6% and US prices rose 4.2%.
- Mortgage rates dropped to the lowest rate in 3 months. The national average commitment rate on 30-year conventional mortgage for the week ending December 13, 2018 was 4.63%. 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.
