Housing Market Statistics

October 17, 2018

Lawrence Board of REALTORS® Releases Home Sales Figures for September 2018

Homes sales in the City of Lawrence fell by 25.3% in September compared to the prior year. Sales in September 2018 totaled 68 units, down from 91 in 2017.

Among existing homes, 62 units sold in September, a decrease of 27.9% from 86 units that sold in 2017. The average sale price of existing homes was $248,035. This represents an increase of 16.8% from the September 2017 average price of $212,272.

For new construction, 6 sales occurred in September, up from 5 units the prior year, an increase of 20.0%. The average sale price of new homes in September was $304,338, down 15.1% from the same period last year.

A total of 76 contracts for sale were written in September 2018, up from 62 in September 2017. This is an increase of 22.6%. 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 258 units at the end of September, which is down from 278 homes that were on the market at the end of September last year. At the current rate of sales, this figure represents 2.5 months' supply of homes on the market.

According to Henry Wertin, President of the Lawrence Board of REALTORS®, “We are rolling right into the cold months, and inventory is still very low, but the average sales prices are on the rise, and the new construction numbers are up. Lawrence is sitting at a 2.5 months supply of homes, which is a bit better than we saw this summer. We are anxious to see what 2019 has in store for us regarding inventory and interest rates.”

 

City of Lawrence Reports

Douglas County Reports

 

Housing Market Statistics Archive:

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