“Sales in January were quite strong,” said KAR president, Cindy White with Bill White Real Estate in Independence. “Although listings were up slightly last month, inventories are likely to remain quite tight through the spring selling season.”
January 2017 Market Highlights
- Overall sales continue to steadily increase. January sales were up 3.8% over last year.
- Average sale price sees healthy jump of 7.4% over last year.
- The national average commitment rate on 30-year conventional mortgage for the week ending February 16, 2017 was 4.15%. A year ago at this time the rate was 3.65. View Freddie Mac’s report.
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.
