“Desirable homes continue to sell very, very quickly,” said KAR president, Natalie Moyer with ReeceNichols in Wichita. “The typical home sold in just 10 days in November.”
November 2021 Market Highlights
- Home sales in Kansas rose by 4.7 percent in November 2021 compared to the same period last year. National sales fell with sales falling 2.0% over 2020.
- Home prices continue to increase across the state. The statewide average sale price in November was $264,136 a 6.0% increase compared to last year. Midwest prices rose 9.0% and US prices rose 13.9%.
- Mortgage rates have slightly increased. The national average commitment rate on 30-year conventional mortgage for the week ending December 12, 2021 was 3.12%. 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
For 100 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 10,000 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
