Kansas Housing Market Stats – November 2018

“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.

Page Reader Press Enter to Read Page Content Out Loud Press Enter to Pause or Restart Reading Page Content Out Loud Press Enter to Stop Reading Page Content Out Loud Screen Reader Support