If you've been waiting for the market to pick up for Lawrence KS Homes for Sale.....read the latest from the LBOR.
"Lawrence Board of REALTORS® Releases Home Sales Figures for March 2013
Residential Sales in the city of Lawrence were on the rise for a 12th consecutive month!
Home sales rose by 28.8% in March compared to last year’s March figures. Specifically, there were a total of 76 home sales in March, up from 44 in 2012.
Among existing homes sold, 70 sales occurred in March, which is a 37.3% increase from 51 existing homes last March. The average price of existing home sales was $202,191. This represents a 4.3% increase from the March 2012 average price of $193,926.
For new construction homes, 6 sales occurred in March, which is a decrease of 25% from 8 new construction sales in March of 2012. The average price of new construction home sales in March was $374,884. This represents a 16.1% increase from the March 2012 average price of $322,975.
Recent housing market activity in the city of Lawrence continues to be on the rise with 123 contracts written in March of 2013, as compared to 98 contracts written in March of 2012, an increase of 25.5% over last year.
Residential housing inventory in the City of Lawrence stood at just 408 homes on the market at the beginning of March, which is down considerably from 578 homes that were on the market at the beginning of March last year."
According to John Esau, 2013 President of the Lawrence Board of REALTORS®,
"Average days-on-market has dropped significantly, largely aided by recently listed homes that have sold quickly. Also, our inventory of homes for sale is down more than 25%, so clearly we have worked our way through a lot of homes that had been on the market for some period of time. We need more new construction homes and resale home listings to satisfy the demand. It's been a long time since we could say that. Perhaps the most encouraging data included in this report is that it represents 12 consecutive months in which we have had an increase in home sales versus the previous year."