“Through the first half of the year, home sales across the state are up just slightly, despite the lack on inventory on the market,” said KAR president, Cindy White with Bill White Real Estate in Independence.
June 2017 Market Highlights
- June home sales in Kansas fell 2.8% compared to the same period last year.
- On a positive note, June sale prices are up 4% over last year and homes spent fewer days on the market. The average sale price in Kansas was $214,757 in June – this is slightly above home prices across the Midwest which averaged $213,000 in June according to the National Association of REALTORS®.
- Mortgage rates are up slightly. The national average commitment rate on 30-year conventional mortgage for the week ending July 20, 2017 was 3.96%. A year ago at this time the rate was 3.45. View Freddie Mac’s report.
To view May stats, click here.
For national perspective, click here for 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.
