Kansas Housing Market Stats – October 2018

“Sales rebounded nicely in October after a brief dip in September,” said KAR president, Kathy Minden with Crown Realty in Paola. “Demand remains strong even during what is traditionally a softer season for home sales.”

October 2018 Market Highlights

  • Home sales in Kansas exceeded those of the nation. Kansas sales rose 0.2% compared to the same period last year. National sales fell 5.1% over 2017.
  • The statewide average sale price in October was $208,844 a 6.5% increase over last year. Midwest prices rose 2.4% and US prices rose 3.8%.
  • Mortgage rates are the lowest since early October – a good opportunity for buyers who have been waiting to make a home purchase. The national average commitment rate on 30-year conventional mortgage for the week ending November 21, 2018 was 4.81%. 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.

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