Realtor group begins to worry about Lawrence’s growth policies; home sales forecast to decline slightly in 2020

Don’t expect Lawrence’s real estate market to regain its bounce in 2020, a Wichita State economist told Lawrence Realtors on Thursday.

A slight decline is more likely for the number of home sales next year. Stanley Longhofer, director of the WSU Center for Real Estate, is forecasting that home sales in 2020 will be down about 3.5% from this year’s totals. Longhofer is projecting 2019 will finish with home sales off by 3.4% from 2018 totals. All told, Longhofer is expecting Lawrence home sales to hit their lowest levels since 2015.