“Sales were down nearly 5 percent in the first quarter,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “This is primarily due to the lack of new listings, which were down 7.6 percent in the first quarter.”
March 2019 Market Highlights
- Home sales in Kansas fell by 9.0 percent in March 2019 compared to the same period last year. National sales had a decrease with sales falling 5.4% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in March was $199,899 a 1.0% increase compared to last year. Midwest prices rose 4.6% and US prices rose 3.8%.
- Mortgage rates continue to drop. The national average commitment rate on 30-year conventional mortgage for the week ending April 19, 2019 was 4.17%. View Freddie Mac’s report.
To view February 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.
