“Existing home sales have been fairly strong in recent months,” said KAR president, Steve LaRue with McGrew Real Estate in Lawrence. “If it were not for the slowdown in new home sales, total home sales across the state would be up for the year.”
October 2019 Market Highlights
- Home sales in Kansas rose by 1.0% percent in October 2019 compared to the same period last year. National sales had an increase in sales rising by 4.6% over 2018.
- Home prices continue to increase across the state. The statewide average sale price in October was $214,654 a 2.9% increase compared to last year. Midwest prices rose 6.7% and US prices rose 6.2%.
- Mortgage rates fell slightly. The national average commitment rate on 30-year conventional mortgage for the week ending November 15, 2019, was 3.66%. View Freddie Mac’s report.
For the national perspective, click here to watch NAR’s new “Housing Minute” video update.