December 18, 2025

Lawrence Board of REALTORS® Releases Home Sales Figures for November 2025

Homes sales in the City of Lawrence fell by 9.0% in November compared to the prior year. Sales in November 2025 totaled 61 units, down from 67 in 2024.

Among existing homes, 56 units sold in November, a decrease of 8.2% from 61 units that sold in 2024. The average sale price of existing homes was $347,207. This represents an increase of 8.4% from the November 2024 average price of $320,353.

For new construction, 4 sales occurred in November, up from 3 units the prior year, an increase of 33.3%. The average sale price of new homes in November was $424,102, down 9.1% from the same period last year.

A total of 49 contracts for sale were written in November 2025, down from 70 in November 2024. This is a decrease of 30.0%. Contracts written during the month reflect, in part, sales that will close in the near future.

The inventory of active listings in the City of Lawrence stood at 142 units at the end of November, which is down from 162 homes that were on the market at the end of November last year. At the current rate of sales, this figure represents 1.7 months' supply of homes on the market.

According to Bailey Stuart, President of the Lawrence Board of REALTORS®,
“Simply put- we need more housing. Housing affordability is helped with more housing. More choices. When we have less housing available, there is upward pressure on home prices. Simply put – we need more housing. We have had a long run of housing shortages, which span back over a decade. We talk a lot about our shortage of inventory, and we routinely share a number for our current ‘months’ supply’ each month. A healthy and balanced housing market will have between 4-6 months’ supply. We ended December with a 1.7-month supply. For perspective, the last time the Lawrence housing market had 4 months’ supply was in October 2014, over a decade ago.” 

This chart shows:
📉 Long-term decline from the post-housing-crisis peak (2011–2012)
🏠 Historically tight inventory during 2021–early 2022 (sub-1.0 months)
📈 Gradual normalization beginning mid-2022 through 2024–2025
📊 Current levels remain well below pre-2014 norms, indicating continued supply constraints

For questions and/or comments, please contact LBOR President Bailey Stuart at 785-766-7840 or BaileyStuart@askMcGrew.com.

Complete statistical summaries for Lawrence and Douglas County are available at http://www.lawrencerealtor.com/market-statistics/.

Three-Year Comparison Through November 2025