December 2011
Kansas home sales rose by 2.6% percent in December 2011 compared to December of 2010, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,175 units in December, up from 2,120 units in 2010. In comparison, sales on a national level rose 3.6% for the month.
Across the state there were 15,274 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 7.0 months.
"Existing home sales ended the year just below the total for 2010," said KAR President, John Brocker, Broker Owner of Allen County Realty, Inc. in Iola, KS. "When you consider that the tax credit in 2010 probably stole some sales from 2011, this suggests that the existing home market has begun to grow again. We think this bodes well for the upcoming spring selling season."
The statewide average sale price last month was $144,613, compared to $156,161 in December 2010. This represents a decrease of 7.4%. The statewide median sale price last month was $126,000 compared to $138,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 7.9% to $129,100. The national median existing home price was $164,500 which is 2.5% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to another record low of 3.96 percent in December from 3.99 percent in November; the rate was 4.71 percent in December 2010; recordkeeping began in 1971.
For more than 90 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
November 2011
Kansas home sales rose by 2.5% percent in November 2011 compared to November of last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,038 units in November, up from 1,989 units in 2010. In comparison, sales on a national level rose 12.2% for the month.
Across the state there were 16,641 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 8.2 months.
"Sales across the state look like they will end 2011 on par with last year," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "In addition, the market has stabilized from the wild swings associated with the housing crisis and Federal tax credit interventions. All of this bodes well for the upcoming Spring selling season."
The statewide average sale price last month was $151,862, compared to $152,486 in November 2010. This represents a decrease of 0.4%. The statewide median sale price last month was $134,000 compared to $135,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 4.0% to $133,400. The national median existing home price was $164,200 which is 3.5% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 3.99 percent in November from 4.07 percent in October; the rate was 4.30 percent in November 2010; records date back to 1971.
For more than 90 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
November 2011 Graphs
October 2011
Kansas home sales rose by 9.8% percent in October 2011 compared to October of 2010, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,146 units in October, up from 1,954 units in 2010. In comparison, sales on a national level rose 13.5% for the month.
Across the state there were 18,432 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 8.6 months.
"We are encouraged that sales continue to outpace 2010 figures by such a large number," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "If this trend continues, we may end 2011 with more sales than we saw in 2010, despite the bump from the tax credit last year."
The statewide average sale price last month was $151,382, compared to $156,225 in October 2010. This represents a decrease of 3.1%. The statewide median sale price last month was $130,500 compared to $132,294 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 4.7% to $132,800. The national median existing home price was $162,500 which is 4.8% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rell to a record low 4.07 percent in October from 4.11 percent in September; the rate was 4.23 percent in October 2010.
For more than 90 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
October 2011 Graphs
September 2011
Kansas home sales rose by 12.2% percent in September 2011 compared to September 2010, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,473 units in September, up from 2,205 units in 2010. In comparison, sales on a national level rose 11.3% for the month.
Across the state there were 18,812 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 7.6 months.
"Sales are considerably higher than in 2010, which means buyers are responding to incredibly low interest rates," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "The tax credits were expired for 3 months by this time in 2010, so it is encouraging that sales continue to increase."
The statewide average sale price last month was $149,857, compared to $150,462 in September 2010. This represents a decrease of 0.4%. The statewide median sale price last month was $136,000 compared to $131,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 1.4% to $137,400. The national median existing home price was $165,400 which is 3.5% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 4.11 percent in September, down from 4.27 percent in August; the rate was 4.35 percent in September 2010.
For more than 90 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
September 2011 Graphs
August 2011
Kansas Association of REALTORS® releases August 2011 home sales for Kansas
Kansas home sales rose by 24.1% percent in August 2011 compared August 2010, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,789 units in August, up from 2,247 units in 2010. In comparison, sales on a national level rose 18.6% for the month.
Across the state there were 19,464 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 7.0 months.
"The rise in August was expected because of last year's recently expired tax credit, but this is even better than expected," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "We are excited to see people taking advantage of the low interest rates available to them."
The statewide average sale price last month was $159,082, compared to $154,892 in August 2010. This represents an increase of 2.7%. The statewide median sale price last month was $140,000 compared to $139,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 3.5% to $141,700. The national median existing home price was $168,300 which is 5.1% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to 4.27 percent in August, down 4.43 percent in August 2010.
August 2011 Graphs
July 2011
Kansas Association of REALTORS® releases July 2011 home sales for Kansas
Kansas home sales rose by 22.7% percent in July 2011 compared to July 2010, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,735 units in July, up from 2,229 units in 2010. In comparison, sales on a national level rose 21.0% for the month.
Across the state there were 19,841 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 7.3 months.
"We are glad to see the increase of sales over last year, despite the uncertain economic climate,” said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "The rise in July was expected because the homebuyer tax credit expired in June last year and it is good to get back to a more normal market.”
The statewide average sale price last month was $161,602, compared to $163,484 in July 2010. This represents a decrease of 1.2%. The statewide median sale price last month was $141,250 compared to $146,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 2.9% to $146,300. The national median existing home price was $174,000 which is 4.4% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.55 percent in July, up from 4.51 percent in June; the rate was 4.56 percent in July 2010. Last week, Freddie Mac reported the 30-year fixed rate dropped to 4.32 percent.
For more than 89 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
July 2011 Graphs
June 2011
Kansas home sales fell by 14.8% percent in June 2011 compared to June 2010, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,990 units in June, down from 3,511 units in 2010. In comparison, sales on a national level fell 8.8% for the month. Across the state there were 19,665 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 6.6 months. “Since the beginning of 2011 we have been comparing sales to last year when the tax credit was in place in 2010," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "As a result, the numbers were really off. However, when you look at sales in the first half of the year compared to 2009, we are only down about 2 percent, which is really great. Now that the history of the tax credit is behind us, we are seeing a return to more normal seasonal patterns in sales activity." The statewide average sale price last month was $165,608, compared to $167,426 in June 2010. This represents a decrease of 1.1%. The statewide median sale price last month was $145,000 compared to $149,950 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 5.3% to $147,700. The national median existing home price was $184,300 which is 0.8% above last year. The median price is where half sold for more and half sold for less. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 4.51 percent in June, down from 4.64 percent in May; the rate was 4.74 percent in June 2010. Kansas home sales fell by 20.8% percent in May 2011 compared to May of last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,760 units in May, down from 3,484 units in 2010. In comparison, sales on a national level fell 15.3% for the month compared to last May. Across the state there were 20,261 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 7.3 months. "Sales this year are right on pace with 2009, a year unaffected by the home buyer tax credit," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "Taking into account normal seasonal patterns we anticipate a slow, steady increase in sales activity in the second half of the year." The statewide average sale price last month was $156,432, compared to $156,521 in May 2010. This represents a decrease of less than 1%. The statewide median sale price last month was $135,000 compared to $148,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 8.5% to $136,400. The national median existing home price was $166,500 which is 4.6% below last year. The median price is where half sold for more and half sold for less. According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage in May was 4.64%, down from 4.84% in April and 4.89% in May 2010.
For more than 89 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
June 2011 Graphs
For more than 89 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
May 2011 Graphs
April 2011
Kansas home sales fell by 27.5% percent in April 2011 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,434 units in April, down from 3,358 units in 2010. In comparison, sales on a national level fell 12.9% for the month.
Across the state there were 20,045 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 8.2 months.
"Sales in April were actually up 5.2% compared to the same month in 2009," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "This is a more meaningful comparison, because last year's figures were so skewed by the home buyer tax credit. All told, this number reflects a solid start to the selling season."
The statewide average sale price last month was $143,932, compared to $154,760 in April 2010. This represents a decrease of 7.0%. The statewide median sale price last month was $127,975 compared to $143,910 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 5.1% to $133,200. The national median existing home price was $163,700 which is 5.0% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 4.61%.
April 2011 Graphs
March 2011
Kansas home sales fell by 13.7% percent in March 2011 compared to March of 2010, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,209 units in March, down from 2,559 units in 2010. In comparison, sales on a national level fell 6.3% for the month.
Across the state there were 19,035 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 8.6 months.
"Although sales are down considerably from last year, this comparison is misleading because we don’t have the homebuyer tax credit this year and we did last year," said KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita. "Compared to 2009, sales are down only 2.3%, which is remarkable given the poor weather we had in February this year."
The statewide average sale price last month was $142,661, compared to $151,114 in March 2010. This represents a decrease of 5.6%. The statewide median sale price last month was $126,600 compared to $135,700 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 7.1% to $126,100. The national median existing home price was $159,600 which is 5.9% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last month was 4.84% which is down from 4.95% in February and 4.97% in March 2010.
March 2011 Graphs
Kansas home sales fell by 7.7% percent in February 2011 compared to February last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 1,508 units in February, down from 1,634 units in 2010. In comparison, sales on a national level decreased 2.8% for the month.
Across the state there were 17,577 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 11.7 months.
KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita, Kansas noted that the decline in sales was not surprising. "Part of the drop reflects the stronger than usual sales last February due to the homebuyer tax credit last year. In addition, the harsh weather in February this year has affected these figures. Nevertheless, year-to-date sales are up 12.1 percent."
The statewide average sale price last month was $139,685, compared to $142,263 in February 2010. This represents a decrease of 1.8%. The statewide median sale price last month was $122,000 compared to $126,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 5.4% to $122,000. The national median existing home price was $156,100 which is 5.2% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage rose to 4.95 percent in February from 4.76 percent in January; the rate was 4.99 percent in February 2010.
For more than 89 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.
February 2011 Graphs
Kansas home sales rose by 5.6% percent in January 2011 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 1,335 units in January, up from 1,264 units in 2010. In comparison, sales on a national level increased 5.3% for the month.
Across the state there were 17,805 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 13.3 months.
KAR President, Jamie Holt with Coldwell Banker Plaza Real Estate in Wichita, Kansas stated "It was nice to see sales increase in January of this year compared to last January when we had a tax credit in place. This means the market is doing well, suggesting that the housing market has stabilized following the tax credit hangover we have been experiencing since last summer."
The statewide average sale price last month was $146,513, compared to $159,510 in January 2010. This represents a decrease of 8.1%. The statewide median sale price last month was $125,500 compared to $138,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 3.2% to $126,300. The national median existing home price was $158,800 which is 3.7% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, or a 30-year, conventional, fixed-rate mortgage was 4.76 percent in January of 2011, compared to 5.03 percent in January 2010.
January 2011 Graphs
After five months of declining numbers, Kansas home sales were stable in December 2010 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,032 units in December, just one more than the 2,031 units in 2009. In comparison, sales on a national level decreased 2.9% for the month.
Across the state there were 209,962 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 8.8 months.
KAR President, Jamie Holt, of Coldwell Banker Plaza Real Estate in Wichita stated, "We are glad to see the sales stabilize in December, after seeing them drop off for five months after the expiration of the Homebuyer Tax Credit. Also, this is 3% higher than the December 2008 sales when there was no tax credit in place. We see this is a positive sign for the market in the coming months."
The statewide average sale price last month was $158,628, compared to $151,952 in December 2009. This represents an increase of 4.4%. The statewide median sale price last month was $141,500 compared to $130,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest rose 3.3% to $139,700. The national median existing home price was $168,800 which is 1.0% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage in December was 4.71%, compared to 4.91% in December of 2009.
Kansas home sales fell by 32.5% percent in November 2010 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 1,933 units in November, down from 2,862 units in 2009. In comparison, sales on a national level decreased 27.9% for the month.Across the state there were 18,511 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 9.6 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas stated "Sales in November were actually up 7.2 percent compared to November 2008. This is a more meaningful comparison because the 2009 figures were skewed by the expiration of the first homebuyer tax credit. The fact that sales were higher last month than they were in 2008 suggests the market is beginning to stabilize."
The statewide average sale price last month was $153,705, compared to $154,342 in November 2009. This represents a decrease of 0.4%. The statewide median sale price last month was $137,950 compared to $141,500 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 1.1% to $138,900. The national median existing home price was $170,600 which is 0.4% above last year. The median price is where half sold for more and half sold for less. According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 4.30 percent in November from a record low 4.23 percent in October; the rate was 4.88 percent in November 2009.
Kansas home sales fell by 35.7% percent in October 2010 compared to October of last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 1,896 units in October, down from 2,949 units in 2009. In comparison, sales on a national level decreased 25.9% for the month.
Across the state there were 21,199 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 11.2 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas stated, "The decline in sales compared to last year is misleading because the 2009 figure was beginning to reflect the effects of the home buyer tax credit. The year to date numbers through October show we are only 6.1% behind where we were at the end of October last year, even though this October is not good compared to last. We anticipated the homebuyer tax credit program being made available during the first part of 2010 would move the bulk of the home purchase activity into the first part of the year and that appears to be coming true.”
The statewide average sale price last month was $157,641, compared to $153,881 in October 2009. This represents an increase of 2.4%. The statewide median sale price last month was $133,450 compared to $147,500 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 3.6% to $139,500. The national median existing home price was $170,500 which is 0.9% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage fell to a record low 4.23 percent in October from 4.35% in September, the rate was 4.95 percent in October 2009.
October 2010 Graphs
September 2010
Kansas home sales fell by 22.7% percent in September 2010 compared to September last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,138 units in September, down from 2,765 units in 2009. In comparison, sales on a national level decreased 19.1% for the month.
Across the state there were 21,148 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 9.9 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas stated, "The year to date numbers through September show we are only 2.4% behind where we were at the end of September last year, even though this September is not good compared to last. We are convinced that, without the homebuyer tax credit program being made available during the first part of 2010, we would see fewer people buying homes and taking advantage of the incredibly low interest rates and the numbers would be far lower than 2009."
The statewide average sale price last month was $151,383, compared to $150,788 in September 2009. This represents an increase of 0.4%. The statewide median sale price last month was $133,000 compared to $139,250 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 5.2% to $139,700. The national median existing home price for all housing was $171,700 which is 2.4% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage fell to a record low 4.35 percent in September from 4.43 percent in August and 5.06 percent in September of 2009.
September 2010 Graphs
Kansas home sales fell by 24.3% percent in August 2010 compared to August of 2009, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,180 units in August, down from 2,879 units in 2009. In comparison, sales on a national level decreased 19.9% for the month.
Across the state there were 20,588 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 9.4 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas stated, "This month's sales figures still reflect the 'hangover' from the expiration of the home buyer tax credit. It will still take a few months to clearly see how the market will settle out."
The statewide average sale price last month was $156,000, compared to $157,315 in August 2009. This represents a decrease of 0.8%. The statewide median sale price last month was $142,000 compared to $146,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest rose 0.4% to $149,600. The national median existing home price was $178,600 which is 0.8% above last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage fell to a record low 4.43 percent in August.
Kansas home sales fell by 35.7 percent in July 2010 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,155 units in July, down from 3,349 units in 2009. In comparison, sales on a national level decreased 25.5% for the month.
Across the state there were 19,768 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 9.2 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas commented that the decline in sales was expected with the expiration of the home buyer tax credit. “It is no surprise to see sales fall like this in July, given that buyers had to close by June 30 in order to qualify for the Federal tax credit. It will be a few months before the underlying trends in the Kansas market are clear.”
The statewide average sale price last month was $164,744, compared to $180,081 in July 2009. This represents a decrease of 8.5 percent. The statewide median sale price last month was $148,000 compared to $149,500 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 2.8 percent to $151,600. The national median existing home price was $182,600 which is 0.7 percent above last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 4.42 percent.
Kansas home sales rose by 1.0% percent in June 2010 compared to June of 2009, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 3,359 units in June, up from 3,327 units in 2009. In comparison, sales on a national level increased 9.8% for the month.
Across the state there were 19,213 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 5.7 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas noted that sales were up sharply in some markets across the state, while they fell in others. “The last of the tax credit-induced sales are working through the system, so we expect to see less activity through the rest of the summer. The good news is that overall, for the state of Kansas, the sales for June of 2010 were higher than 2009, even with the expiration of the tax credit.”
The statewide average sale price last month was $169,402, compared to $168,313 in June 2009. This represents an increase of 0.6%. The statewide median sale price in June was $151,800 compared to $150,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 0.1% to $155,900. The national median existing home price was $183,700 which is 1.0% above last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage for June was 4.74% in June compared to 4.89% last month, and 5.42% in June of 2009.
Kansas home sales rose by 22.6% percent in May 2010 compared to May last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 3,355 units in May, up from 2,737 units in 2009. In comparison, sales on a national level increased 19.2% for the month.
Across the state there were 18,801 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 5.6 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas said that sales should continue to be strong through June. "The backlog of pending sales is still quite large. It is important that Congress extend the Closing Deadline for the homebuyer tax credit so that underwriting delays do not keep otherwise eligible home buyers from receiving this credit. Approximately 180,000 home buyers across the country who signed a contract in good faith to receive the tax credit may not be able to finalize by the end of June, due to delays in the mortgage process. In addition, many potential sales are being delayed by an interruption in the National Flood Insurance Program."
The statewide average sale price last month was $157,822, compared to $161,928 in May 2009. This represents a decrease of 2.5%. The statewide median sale price in May was $149,900 compared to $146,613 for May last year. According to the National Association of REALTORS®, the median home price in the Midwest rose 2.2% to $150,700. The national median existing home price was $179,600 which is 2.7% above last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 4.89%.
Kansas home sales rose by an amazing 42.5% in April compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 3242 units in April, up from 2,275 units in 2009. In comparison, sales on a national level increased 22.8% for the month.
Across the state there were 18,459 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 5.7 months compared to 7.6 months in March of this year.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas said that the dramatic increase in sales activity was driven by the homebuyer tax credit which required contracts to be written by April 30, 2010 and closed by June 30, 2010 in order to qualify. "We anticipate that closings over the next few months should rise across the state, which will be good for the economy at both the local and state levels."
The statewide average sale price of homes last month was $155,670, compared to $152,220 in April 2009. This represents an increase of 2.3%. The statewide median sale price last month was $145,000 compared to $138.450 for April last year. According to the National Association of REALTORS®, the median home price in the Midwest rose 5.8% to $146,400. The national median home price was $173,100, which is 4.0% above last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 4.84%.
April 2010
Kansas home sales rose by 5.8% percent in March compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 2,375 units in March, up from 2,244 units in 2009. In comparison, sales on a national level increased 16.1% for the month.
Across the state there were 18,049 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 7.6 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas said that the increase in sales activity was driven by the state's three largest markets - Kansas City, Wichita and Topeka. "Even more important is the high number of pending sales that have been reported - driven by the homebuyer tax credit - suggesting that closings over the next few months should rise across the state, not just in the larger metropolitan areas."
The statewide average sale price of homes last month was $154,559, compared to $145,461 in March 2009. This represents an increase of 6.3%. The statewide median sale price last month was $140,250 compared to $135,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest rose 0.2% to $139,300. The national median home price was $170,700, which is 0.4% above last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 5.07%.
March 2010
Kansas home sales fell by 12.3% percent in February compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 1,463 units in February, down from 1,669 units in 2009. In comparison, sales on a national level increased 7.0% for the month.
Across the state there were 16,567 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 11.3 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas said that while February brought brutally cold winter weather many markets across the state now are reporting increased activity among prospective home buyers. "The home buyer tax credit should bring a real boost to the market over the next several months along with the warmer weather."
The statewide average sale price of existing homes last month was $146,365, compared to $146,480 in February 2009. This represents a decrease of -0.1%. The statewide median sale price of existing homes last month was $132,900 compared to $133,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest fell 2.0% to $128,000. The national median existing home price was $165,100 which is 1.8% below last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 5.21%.
Click on the link below to view a chart of sales across the state of Kansas for the month.
February 2010
Kansas home sales fell by 7.8% percent in January compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 1,237 units in January, down from 1,342 units in 2009. In comparison, sales on a national level increased 11.5% for the month.
Across the state there were 15,805 active listings at the end of the month. Supply of new and existing homes on the market -- which is determined by taking the number of active listings and dividing it by the number of sales -- represents 12.8 months.
KAR President, Brian Jones, Broker/Owner of Jones Heritage REALTORS® in Pittsburg, Kansas said the months' supply figures are high as is typical for January when new listings are coming on the market getting ready for spring, while sales lag behind waiting for warmer months. "Mortgage interest rates are expected to trend up later this year, so we expect activity in the markets to begin to pick up as soon as the weather turns warmer and buyers move to take advantage of available tax credits through April 30th."
The statewide average sale price of existing homes last month was $158,919, compared to $139,740 in January 2009. This represents an increase of 13.7%. The statewide median sale price of existing homes last month was $138,000 compared to $138,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest rose 2.4% to $162,700. The national median existing home price was $212,000 which is 2.6% above last year. The median price is where half sold for more and half sold for less.
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 4.97%.
Click on the link below to view a chart of sales across the state of Kansas for the month.
January 2010
Many consumers consider selling their home directly but eventually turn to REALTORS®. Smart home sellers realize they need the expertise in pricing their home, making connections with REALTORS® working with buyers, arranging and staffing open houses, and coordinating with other professionals in the sales process.
Only about half of all real estate agents are REALTORS® -- the top half, in our not-so-humble opinion. REALTORS® work independently, for small agencies, or for large brokerages. They help people buy and sell residential or commercial properties, vacation homes, and land; they conduct appraisals; they operate in the United States and in other countries; some specialize in auctions; and others are buyer's representatives.
The Kansas Association of REALTORS® has an excellent resource for homebuyers and homesellers. Visit YourKansasHome.org for some great real estate tools and tips, including information about the $8,000 First Time Homebuyer Tax Credit. Find a REALTOR® now!
