February 24, 2026

Lawrence Board of REALTORS® Releases Home Sales Figures for January 2026

Homes sales in the City of Lawrence fell by 24.5% in January compared to the prior year. Sales in January 2026 totaled 37 units, down from 49 in 2025.

Among existing homes, 33 units sold in January, a decrease of 32.7% from 49 units that sold in 2025. The average sale price of existing homes was $347,974. This represents a decrease of 5.1% from the January 2025 average price of $366,863.

For new construction, 3 sales occurred in January, up from 0 units the prior year. The average sale price of new homes in January was $690,000.

A total of 52 contracts for sale were written in January 2026, down from 63 in January 2025. This is a decrease of 17.5%. 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 124 units at the end of January, which is up from 107 homes that were on the market at the end of January last year. At the current rate of sales, this figure represents 1.5 months' supply of homes on the market.

According to Erin Maigaard, President of the Lawrence Board of REALTORS®, “January’s weather was very cold and snowy, and the housing market in 2026 got off to a cold start too.  However, home values remain strong, with modest and manageable gains. Housing inventory remains tight and continues to be a factor in this market. On a positive note, mortgage interest rates are trending lower, helping to improve affordability for buyers, which could help stimulate activity as we move into the spring market.”

 For questions and/or comments, please contact LBOR President Erin Maigaard at 785-764-5496 or emaigaard@askMcGrew.com.

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

Three-Year Comparison Through January 2026