“Homes are selling very quickly,” said KAR president, Kathy Minden with Crown Realty in Paola. “So far this year, the typical sale has occurred in just 25 days, down from 33 days two years ago.”
September 2018 Market Highlights
- Home sales in Kansas fell 12.8% compared to the same period last year. National sales fell 4.1% over 2017.
- The statewide average sale price in September was $203,304 a 4.0% increase over last year. Midwest prices rose 1.9% and US prices rose 4.2%.
- Mortgage rates saw a modest decline compared to a rapid rise in rates over the past few weeks. The national average commitment rate on 30-year conventional mortgage for the week ending October 18, 2018 was 4.85%. 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.
