Kansas Association of REALTORS® releases April 2013 home sales statistics for Kansas
May 22, 2013 (Topeka, Kansas) ?? Kansas home sales rose by 7.8 percent in April 2013 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®.
Sales totaled 2,891 units in April, up from 2,682 units in 2012. In comparison, sales on a national level rose by 9.7 percent for the month. "Sales so far this year are the strongest we've seen since 2008," said KAR president, Steve McCullough with Midwest Land Specialists, Inc., in Newton. "As sales have increased, the average time to sell a home has continued to fall."
Across the state, there were 14,658 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 5.2 months. The statewide average sale price last month was $175,828, compared to $154,593 in April 2012. This represents an increase of 13.7 percent. The statewide median sale price last month was $142,750, compared to $139,000 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest rose by 6.7 percent to $149,300. The national median existing home price was $192,800, which is 11 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.
According to Freddie Mac, the national average commitment rate on a 30?year conventional fixed?rate mortgage last week was 3.51 percent.
To our users and readers
Press Release Central has moved to a new server. What does this mean for you? Releases posted prior to March 1, 2012 have gone away, as has your old account registration info. Everyone will need to re-register for an account. We apologize for this inconvenience.
Want your event in our calendar?
Would you like your event published in The Kansas City Star? We’d be glad to consider it.
About Press Release Central
Press Release Central is Kansas City’s largest community site for press releases announcing news of all kinds: business, entertainment, sports and more. Releases stay for an extended period, so messages live a long life. And if you’re hunting for tips or information, just search to find news, names and subjects you might have missed.