“Average home prices across the state continue to rise,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “Year-to-date the average sale price is up 3.6 percent compared to 2018.”
August 2019 Market Highlights
- Home sales in Kansas rose by 2.7% percent in August 2019 compared to the same period last year. National sales had a increase with sales rising 2.6% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in August was $222,108 a 5.1% increase compared to last year. Midwest prices rose 6.6% and US prices rose 4.7%.
- Mortgage rates are holding steady. The national average commitment rate on 30-year conventional mortgage for the week ending September 13, 2019 was 3.73%. View Freddie Mac’s report.
For national perspective, click here to watch NAR’s new “Housing Minute” video update.