Housing Market Statistics

May 21, 2019

Lawrence Board of REALTORS® Releases Home Sales Figures for April 2019

Homes sales in the City of Lawrence fell by 7.4% in April compared to the prior year. Sales in April 2019 totaled 113 units, down from 122 in 2018.

Among existing homes, 104 units sold in April, essentially unchanged from the same period last year. The average sale price of existing homes was $211,440. This represents a decrease of 7.7% from the April 2018 average price of $229,147.

For new construction, 9 sales occurred in April, down from 18 units the prior year, a decrease of 50.0%. The average sale price of new homes in April was $380,647, down 3.7% from the same period last year.

A total of 158 contracts for sale were written in April 2019, down from 174 in April 2018. This is a decrease of 9.2%. 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 245 units at the end of April, which is up from 192 homes that were on the market at the end of April last year. At the current rate of sales, this figure represents 2.5 months' supply of homes on the market.

According to Greta Carter-Wilson, President of the Lawrence Board of REALTORS®, “The local housing market continues to experience low inventory, even lower than last year in certain price ranges. Due to this, buyers continue to struggle to find suitable homes in the low to moderate price ranges. And many times, buyers in the low to moderate price range compete for homes or lose out completely. We need more homes on the market.”

For questions and/or comments, please contact LBOR President Greta Carter-Wilson at 785-550-4844 or GretaCW@KW.com.

Housing Market Statistics Archive:

Press Release - April 2019
City of Lawrence Report - April 2019
Douglas County Report - April 2019
City of Lawrence Report - March 2019
Douglas County Report - March 2019
Press Release - February 2019
City of Lawrence Report - February 2019
Douglas County Report - February 2019
Press Release - December 2018
City of Lawrence Report - December 2018
Douglas County Report - December 2018
Press Release - November 2018
City of Lawrence Report - November 2018
Douglas County Report - November 2018
Press Release - October 2018
City of Lawrence Report - October 2018
Douglas County Report - October 2018
Press Release - September 2018
City of Lawrence Report - September 2018
Douglas County Report - September 2018
Press Release - July 2018
City of Lawrence Report - July 2018
Douglas County Report - July 2018
Press Release - June 2018
City of Lawrence Report - June 2018
Douglas County Report - June 2018
Press Release - May 2018
City of Lawrence Report - May 2018
Douglas County Report - May 2018
Press Release - April 2018
City of Lawrence Report - April 2018
Douglas County Report - April 2018
City of Lawrence Report - February 2018
Douglas County Report - February 2018
City of Lawrence Report - December 2017
Douglas County Report - December 2017
City of Lawrence Report - November 2017
Douglas County Report - November 2017