“Kansas housing markets remain red hot, in contrast to stories you hear in the national press,” said KAR president Andrew Mall with Link Realty in Prairie Village. “The majority of all homes that closed in May sold for more than the asking price.”
May 2022 Market Highlights
- Home sales in Kansas fell by 6.9% in May 2022 compared to the same period last year. National sales fell with sales falling 8.6% over 2021.
- Home prices continue to increase across the state. The statewide average sale price in May was $301,023 a 12.0% increase compared to last year. Midwest prices rose 9.5% and US prices rose 14.8%.
- Mortgage rates increased. The national average commitment rate on 30-year conventional mortgage for the week ending June 17, 2022 was 5.78%. View Freddie Mac’s report.
To view April 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.
