November 2018 Market Highlights
- Home sales in Kansas fell 0.5% compared to the same period last year. National sales had a larger decrease with sales falling 7% over 2017.
- Home prices continue to increase across the state. The statewide average sale price in November was $209,481 a 5.4% increase over last year. Midwest prices rose 2.6% and US prices rose 4.2%.
- Mortgage rates dropped to the lowest rate in 3 months. The national average commitment rate on 30-year conventional mortgage for the week ending December 13, 2018 was 4.63%. View Freddie Mac’s report.
For national perspective, click here to watch NAR’s new “Housing Minute” video update.