July 2020 Market Highlights
- Home sales in Kansas rose by 12.5% percent in July 2020 compared to the same period last year. National sales fell with sales rising 8.7% over 2019.
- Home prices continue to increase across the state. The statewide average sale price in July was $247,732 a 9.7% increase compared to last year. Midwest prices rose 8.0% and US prices rose 8.5%.
- Mortgage rates remain steady. The national average commitment rate on 30-year conventional mortgage for the week ending August 14, 2020 was 2.99%. (View Freddie Mac’s Report)