August 10, 2026

Lawrence Board of REALTORS® Releases Home Sales Figures for July 2026

Homes sales in the City of Lawrence fell by 12.2% in July compared to the prior year. Sales in July 2026 totaled 79 units, down from 90 in 2025.

Among existing homes, 75 units sold in July, a decrease of 10.7% from 84 units that sold in 2025. The average sale price of existing homes was $374,105. This represents a decrease of 3.5% from the July 2025 average price of $387,602.

For new construction, 3 sales occurred in July, down from 4 units the prior year, a decrease of 25.0%. The average sale price of new homes in July was $416,633, down 28.1% from the same period last year.

A total of 75 contracts for sale were written in July 2026, down from 86 in July 2025. This is a decrease of 12.8%. 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 215 units at the end of July, which is up from 140 homes that were on the market at the end of July last year. At the current rate of sales, this figure represents 2.8 months' supply of homes on the market.

According to Erin Maigaard, President of the Lawrence Board of REALTORS®, “We’re seeing the Lawrence market become a little more balanced, with more homes for buyers to choose from even as higher interest rates continue to slow some activity. Sales were down compared with last July, but inventory grew significantly, and home prices still held steady. That’s similar to what we’re seeing across much of the Midwest. Buyers have more options and room to negotiate, while homes that are priced well are still selling quickly."

For questions and/or comments, please contact LBOR President Erin Maigaard at 785-764-5496 or EMaigaard@askMcGrew.com.

Complete statistical summaries for Lawrence and Douglas County are available at http://www.lawrencerealtor.com/market-statistics/.

Three-Year Comparison Through July 2026