September 2016 Home Sales Figures

Kansas home sales rose by 2.0 percent in September 2016 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 3,338 units in September, up from 3,274 units in 2015. In comparison, sales on a national level rose by 0.6 percent for the month. "Housing markets across Kansas continue to show strength," said KAR president, Deborah McMullen with McGrew Real Estate in Lawrence.

Across the state there were 12,285 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 by the number of sales represents 3.7 months.

The statewide average sale price last month was $190,844, compared to $186,667 in September 2015. This represents an increase of 2.2 percent. The statewide median sale price last month was $159,900, compared to $151,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest rose by 5.9 percent to $184,500. The national median existing home price was $234,200, which is 5.6 percent above last year's figure. The median price is the value for which half of the homes sold for more and half sold for less.