August 2020 Market Highlights
- Home sales in Kansas fell by 2.8% percent in August 2020 compared to the same period last year. National sales rose with sales rising 10.5% over 2019.
- Home prices continue to gradually increase across the state. The statewide average sale price in August was $248,727 a 11.9% increase compared to last year. Midwest prices rose 10.7% and US prices rose 11.4%.
- Mortgage rates continue to fall. The national average commitment rate on 30-year conventional mortgage for the week ending September 18, 2020 was 2.87%. 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.