“Sales in October 2020 were unusually strong as we worked through the backlog from the shutdowns,” said KAR president, Natalie Moyer with Reese Nichols in Wichita. “As a result, the decline last month was expected. Year-to-date, however, sales are still up nearly 4 percent compared to last year.”
October 2021 Market Highlights
- Home sales in Kansas fell by 12.3 percent in October 2021 compared to the same period last year. National sales fell with sales falling 5.8% over 2020.
- Home prices continue to increase across the state. The statewide average sale price in October was $265,700 a 9.9% increase compared to last year. Midwest prices rose 7.8% and US prices rose 13.1%.
- Mortgage rates have slightly increased. The national average commitment rate on 30-year conventional mortgage for the week ending November 19, 2021 was 3.10%. 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
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.
