Housing Market Statistics

October 22, 2020

Homes sales in the City of Lawrence rose by 34.7% in September compared to the prior year. Sales in September 2020 totaled 101 units, up from 75 in 2019.

Among existing homes, 93 units sold in September, an increase of 36.8% from 68 units that sold in 2019. The average sale price of existing homes was $248,883. This represents an increase of 4.6% from the September 2019 average price of $238,023.

For new construction, 8 sales occurred in September, up from 7 units the prior year, an increase of 14.3%. The average sale price of new homes in September was $312,511, down 14.5% from the same period last year.

A total of 117 contracts for sale were written in September 2020, up from 82 in September 2019. This is an increase of 42.7%. Contracts written during the month reflect, in part, sales that will close in the near future.

According to Ryan Desch, President of the Lawrence Board of REALTORS®, “The positive trend for home sales continues in 2020, while the concern continues to grow over lower and lower inventory levels. This is such a complex market to do business in right now and REALTORS® are doing an incredible job helping area buyers and sellers.”

The inventory of active listings in the City of Lawrence stood at 134 units at the end of September, which is down from 290 homes that were on the market at the end of September last year. At the current rate of sales, this figure represents 1.3 months' supply of homes on the market. Desch added, “We just took a deep dive into MLS statistics over the last 20 years, and over that time there have only been 17 months dating back into late 1999, when the median days on market for existing home sales were in the single digits: Two in 2017, three in 2018, 4 in 2019, and this year we’ve had 7 consecutive months with single digit median days on market. At just 1.3 month’s supply, the number of homes on the market and available is historically low. We have to climb above the $400,000 price range to return to double digit median days on market.”

For questions and/or comments, please contact LBOR President Ryan Desch at 7852181975 or ryan@exploringlawrence.com.


Three Year Comparison: September 2018-2020

Housing Market Statistics Archive:

City of Lawrence Report - September 2020
Douglas County Report - September 2020
Press Release - September 2020
City of Lawrence Report - August 2020
Douglas County Report - August 2020
Press Release - August 2020
City of Lawrence Report - July 2020
Douglas County Report - July 2020
Press Release - July 2020
City of Lawrence Report - June 2020
Douglas County Report - June 2020
Press Release - June 2020
City of Lawrence Report - May 2020
Douglas County Report - May 2020
Press Release - May 2020
City of Lawrence Report - April 2020
Douglas County Report - April 2020
Press Release - April 2020
City of Lawrence Report - March 2020
Douglas County Report - March 2020
Press Release - March 2020
City of Lawrence Report - February 2020
Douglas County Report - February 2020
Press Release - February 2020
City of Lawrence Report - January 2020
Douglas County Report - January 2020
Press Release - January 2020
City of Lawrence Report - December 2019
Douglas County Report - December 2019
Press Release - December 2019
City of Lawrence Report - November 2019
Douglas County Report - November 2019
City of Lawrence Report - October 2019
Douglas County Report - October 2019
Press Release - October 2019
City of Lawrence Report - September 2019
Douglas County Report - September 2019
Press Release - September 2019
Press Release - August 2019
City of Lawrence Report - August 2019
Douglas County Report - August 2019
Press Release - July 2019
City of Lawrence Report - July 2019
Douglas County Report - July 2019
Press Release - June 2019
City of Lawrence Report - June 2019
Douglas County Report - June 2019
City of Lawrence Report - May 2019
Douglas County Report - May 2019
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