“The April increase in sales is due, in part, to a weak April last year,” said KAR president, Kathy Minden with Crown Realty in Paola. “Eight percent fewer contracts were written in April compared with 2017. This suggests that sales may slow somewhat in the coming months.”
April 2018 Market Highlights
- Home sales in Kansas are up 2.9% compared to the same period last year. National sales fell by 1.4% over 2017.
- An increase in home prices across Kansas follows the trend in our region and nation. The statewide average sale price in April was $203,895 a 5.7% increase over last year. Prices in the Midwest rose 4.6% and in the US prices rose 5.3%.
- Mortgage rates continue to climb steadily. The national average commitment rate on 30-year conventional mortgage for the week ending May 24, 2018 was 4.66. View Freddie Mac’s report.
To view March 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.