“Sale prices continue to rise in the face of tight inventories,” said KAR president, Cindy White with Bill White Real Estate in Independence. “In October the median sale price was up 10 percent from its level two years ago.”
October 2017 Market Highlights
- October home sales in Kansas rose slightly at 0.7% compared to the same period last year. Kansas home sales outpaced national sales which fell 0.9% for the month.
- Higher sales prices continue to be the main story. The average sales price in Kansas is up 3.0% over last year. This is consistent with national price increases of 5.5% over 2017, and price increases in the Midwest of 7.1%.
- Mortgage rates are steady. The national average commitment rate on 30-year conventional mortgage for the week ending November 22, 2017 was 3.92%. View Freddie Mac’s report.
To view September 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.
