Housing Market Statistics

September 16, 2019

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

Homes sales in the City of Lawrence rose by 35.6% in August compared to the prior year. Sales in August 2019 totaled 137 units, up from 101 in 2018.

Among existing homes, 126 units sold in August, an increase of 35.5% from 93 units that sold in 2018. The average sale price of existing homes was $240,998. This represents an increase of 23.4% from the August 2018 average price of $195,291.

For new construction, 11 sales occurred in August, up from 8 units the prior year, an increase of 37.5%. The average sale price of new homes in August was $279,641, down 18.7% from the same period last year.

A total of 98 contracts for sale were written in August 2019, up from 85 in August 2018. This is an increase of 15.3%. 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 276 units at the end of August, which is up from 253 homes that were on the market at the end of August last year. At the current rate of sales, this figure represents 2.9 months' supply of homes on the market.

According to Greta Carter-Wilson, President of the Lawrence Board of REALTORS®,Statistics show that buyers took full advantage of very low interest rates as sales for both re-sale and new construction were up this August compared to August of 2018. Other exciting news is that the number of contracts written for the month was up for the second month in a row. Although homes sales were up and there was a slight growth of inventory, the Lawrence housing market is still constrained by a lack of inventory.

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 - 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