“Sales activity continues to be constrained by the lack of available inventory,” said KAR president, Cindy White with Bill White Real Estate in Independence. “Homes that are on the market are generally selling very quickly and sale prices are rising.” 
September 2017 Market Highlights
- September home sales in Kansas fell 3.5% compared to the same period last year. In comparison, national sales fell 1.5% for the month.
- Competition continues to drive up prices. The average sales price in Kansas is up 4.4% over last year. This is consistent with national price increases of 4.2% over 2017, and price increases in the Midwest of 5.4%.
- Mortgage rates are down slightly from the previous week. The national average commitment rate on 30-year conventional mortgage for the week ending October 19, 2017 was 3.88%. A year ago at this time the rate was 3.52. View Freddie Mac’s report.
To view August 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.
