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photo by: Shutterstock Sometimes when I’m at an auction and find an item I really must have, I let my right hand bid against my left hand just to double my chances. Lawrence’s real estate market is taking on that type of feel. You’d better have both bidding fingers ablazin’, and even that might not be enough. Lawrence home sales fell significantly in March, but average selling prices took a big jump up, according to the latest numbers from the Lawrence Board of Realtors. The decline in the number of homes sold was the largest in at least a year, and the president of the local Realtors association has a thought on what is slowing the market down: frustration with the word ‘no.’ ....
photo by: Shutterstock photo There’s a joke circulating among Lawrence real estate agents these days: Tom Brady has been in more Super Bowls than Lawrence has houses for sale. “It is not quite that bad yet, but it is close,” said John Huntington Jr., president of the Lawrence Board of Realtors. Hopefully the next punchline isn’t that you need Brady’s wallet to buy a house in Lawrence. Lawrence’s real estate market finished 2020 with a plummeting supply of houses for sale and sharply rising selling prices for homes. The latest report from the Lawrence Board of Realtors showed that the median selling price of a Lawrence home rose to $236,400 in 2020. That’s up 11% from 2019. It also marks the second time in three years that the median selling price has increased by double digits. In 2018, prices increased by 13%. Add it all up and the median selling price for a home in Lawrence has increased from $180,000 at the end of 2017 to nearly $237,000 to ....