Summary: Home Sales Decline in Lawrence, but Building Permits for New Houses Reach a Decade High

• Home sales in Lawrence fell by 17% in September compared to a year ago.
• Despite the decline in sales, the city issued its largest number of building permits for new houses in at least a decade.

Lawrence Home Sales Continue to Fall, but Building Permits for New Houses Reach a Decade High

According to LJWorld.com, home sales in Lawrence, Kansas, continued to fall as the calendar turned to fall, with September sales dropping by 17% compared to the same period last year. However, this double-digit decline could be considered an improvement, as Lawrence home sales were down 45% in July and 23% in August.

Despite the decline in home sales, the city of Lawrence issued its largest number of building permits for new houses in at least a decade. This increase in building permits indicates that there is still a strong demand for new homes in the area, and the construction of these new houses could potentially help balance the housing market in the future.

In conclusion, while home sales in Lawrence continue to decline, the city has issued a record number of building permits for new houses, reflecting the ongoing demand for new homes. As these new houses are built, they may help stabilize the housing market and provide more options for those looking to buy a home in the area.


Orginal article: Link To Article – provided by Kansas City Realtors