“Inventories are especially tight for mid-priced homes in the most desirable areas,” said KAR president, Cindy White with Bill White Real Estate in Independence.
August 2017 Market Highlights
- August home sales in Kansas fell 5.4% compared to the same period last year. By comparison, national sales rose 0.2%.
- Supply of new and existing homes was 3 months at the end of August, down slightly from the same period last year. Competition continues to drive up prices, which increased 2.5% over last year.
- Mortgage rates continue to hold at a 2017 low. The national average commitment rate on 30-year conventional mortgage for the week ending September 14, 2017 was 3.78%. A year ago at this time the rate was 3.43. View Freddie Mac’s report.
To view July 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.
