December 2018 Market Highlights
- Home sales in Kansas fell by 16.4 percent in December 2018 compared to the same period last year. National sales had a smaller decrease with sales falling 10.3% over 2017.
- Home prices continue to increase across the state. The statewide average sale price in December was $255,268 a 29.9% increase over last year. Midwest prices were flat and US prices rose 2.9%.
- Mortgage rates continue to drop. The national average commitment rate on 30-year conventional mortgage for the week ending January 18, 2019 was 4.45%. View Freddie Mac’s report.
For national perspective, click here to watch NAR’s new “Housing Minute” video update