“Despite the larger decline this month, total home sales activity for the year as a whole is down less than 1 percent,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence.
November 2019 Market Highlights
- Home sales in Kansas fell by 8.4% percent in November 2019 compared to the same period last year. National sales had a increase with sales rising 2.7% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in November was $219,456 a 4.6% increase compared to last year. Midwest prices rose 5.9% and US prices rose 5.4%.
- Mortgage rates rose slightly. The national average commitment rate on 30-year conventional mortgage for the week ending December 13, 2019 was 3.73%. View Freddie Mac’s report.
To view October 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.
