South Central Kansas MLS Releases Home Sales Figures for January 2021

Homes sales in South Central Kansas rose by 18.5% in January compared to the prior year. Sales in January 2021 totaled 763 units, up from 644 in 2020.

Among existing homes, 702 units sold in January, an increase of 18.6% from 592 units that sold in 2020. The average sale price of existing homes was $192,225. This represents an increase of 24.4% from the January 2020 average price of $154,493.

For new construction, 61 sales occurred in January, up from 52 units the prior year, an increase of 17.3%. The average sale price of new homes in January was $319,735, up 5.0% from the same period last year.

A total of 854 contracts for sale were written in January 2021, up from 758 in January 2020. This is an increase of 12.7%. Contracts written during the month reflect, in part, sales that are set to close in the near future.

The inventory of active listings in South Central Kansas stood at 885 units at the end of January, which is down from 1,735 homes that were on the market at the end of January last year. At the current rate of sales, this figure represents 0.9 months’ supply of homes on the market.

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Prepared courtesy of the Kansas Association of REALTORS® using data from the South Central Kansas MLS®. Provided by the WSU Center for Real Estate www.wichita.edu/realestate