“Although sales rebounded somewhat in June, new listings continued to decline,” said KAR president, Marsha McConnell with Plaza Astle Realty in Hutchinson. “Currently there are fewer homes available for sale in Kansas than at any point since records have been kept.”
June 2020 Market Highlights
- Home sales in Kansas rose by 3.3% percent in June 2020 compared to the same period last year. National sales fell with sales falling 11.3% over 2019.
- Home prices decreased across the state. The statewide average sale price in June was $235,515 a 0.5% decrease compared to last year. Midwest prices rose 3.2% and US prices rose 3.5%.
- Mortgage rates are going down. The national average commitment rate on 30-year conventional mortgage for the week ending July 17, 2020 was 2.98%. View Freddie Mac’s report.
To view May 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.
