Saturday, February 25, 2012

Focusing on the Light in the Housing Market!

Finally some news that we all can feel positive about. It looks like the housing market for those who have Lawrence KS Homes for Sale and for Real Estate for Sale in Lawrence KS in general, may finally be seeing some signs of light at the end of the long tunnel. According to the Kansas Association of Realtors there's certainly news to feel positive about in the state of Kansas. The home sales were up in Kansas in January 2012.
This might very well be the time to get your home listed if you've been waiting for the right time to add your home to the list of Homes for Sale in Lawrence KS. The buyers are out and are actively looking for the right home. I held a Open House for a Homes for Sale Lawrence KS on February 25, 2012 at 403 Lincoln and had over 45 buyers come through from 1pm to 3:30pm. That's amazing and a very strong showing. That indicates that buyers are getting out early this year looking for their dream homes. Please don't wait too long to list your home. Call me today for a free comparative market analysis on your home. Your Lawrence Home for Sale could be featured on this site.

Read the entire article from the Kansas Association of Realtors below:

"January 2012 Kansas home sales rose by 15.5% percent in January 2012
compared to January of 2011, according to new figures released by the
Kansas Association of REALTORS®. Sales totaled 1,609 units in January,
up from 1,393 units in 2011. In comparison, sales on a national level rose
0.7% for the month.
Across the state there were 16,090 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 10.0 months.
"We're seeing a really strong start to the new year," said KAR
President, John Brocker with Allen County Realty, Inc., in Iola. "Sales
were up more than 15 percent in January, and it looks like it will be a
very solid spring selling season."
The statewide average sale price last month was $138,180, compared to
$144,552 in January 2011. This represents a decrease of 4.4%. The
statewide median sale price last month was $120,000 compared to $124,000
for the same period last year. According to the National Association of
REALTORS®, the median home price in the Midwest fell 3.9% to $122,000.
The national median existing home price was $154,700 which is 2.0% 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 for a
30-year, conventional, fixed-rate mortgage was a record low 3.92 percent
in January, down from 3.96 percent in December; the rate was 4.76
percent in January 2011; 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 8,000 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."

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