Kansas Housing Market Stats – October 2016

market-stats-infographic-october-2016“Although sales were down just slightly in October, they are still up 6 percent for the year,” said KAR president, Deborah McMullen with McGrew Real Estate in Lawrence. “All in all, 2016 is shaping up to be an excellent year for Kansas housing markets.”

October 2016 Market Highlights

  • Kansas home sales saw a slight decline of 0.3% but overall sales volume for October increased by 4.4%.
  • Sale prices continue to increase. Average sales price for Kansas homes increased 4.7% over this month last year.
  • Mortgage rates are up. The national average commitment rate on 30-year conventional for the week ending November 17, 2016 was 3.94%. View Freddie Mac’s report.

Read the full press release here
Download the full report here

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.

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