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Wichita Home Prices Fell in First Quarter of 2012

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Kansas Real EstateKansas ranked seventh among the states for house price appreciation in the first quarter, according to the Federal Housing Finance Agency’s seasonally adjusted house price index released Wednesday.

The index showed a 3.16 percent improvement in prices in Kansas from a year ago. Prices were up 1.49 percent from the fourth quarter. Over five years, prices are down 3.91 percent.

The index is calculated using home sales price information from Fannie Mae and Freddie Mac mortgages, according to an FHFA news release.

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