“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.
